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1. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:

A. Rs. 3100

B. Rs. 6240

C. Rs. 6500

D. Rs. 9600

Solution:

To obtain Rs. 10, investment = Rs. 96.
To obtain Rs. 650,

\begin{aligned} investment = R s . (\frac{96}{10} \times 650) \\ = R s . 6240 \end{aligned}

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