In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of how many rupees ?

Question

What is the market value of a 7.5% stock, in which an income of Rs. 1500 is derived by investing Rs. 5000, brokerage being 3/4%?

Answer 1

To obtain Rs 10 , investment =Rs 96
To obtain Rs 650, investment =Rs [(96/10)*650]=Rs 6240
Ans is 6240