Stocks and Shares Practice Test 1

Question : 39 of 40

Marks: +1, -0

Find the annual income derived by investing Rs 920 in 5% stock at 5 discount (brokerage1%).

Solution:

Income amount

=\Investment/{100- \Discount +\Brokerage }× % \Rate \of \stock

=920/{100-5+1}×5

=4600/96=47.91

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