Stock and shares - Quantitative Aptitude (MCQ) questions for Q. 37

Q.  What investment must be made to obtain Rs 650 income from 10% stock at Rs 96?
- Published on 19 Oct 15

a. 3100
b. 6240
c. 3500
d. 6000

ANSWER: 6240
 
Given market value = Rs 96

Required income = Rs 650

We assume the face value to be Rs 100.

To obtain 10% of face value, investment had to be Rs 96. So, in order to receive Rs 650, required investment is:

9.6*650=6240

Thus the investment should be Rs 6240.

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