Stocks and Shares Practice Test 2

Question : 11 of 36

Marks: +1, -0

Shobha invested in

5 1/4%

stock at 84. Find the rate of interest obtained by her.

Solution:

Interest on 84 = Rs

21/4

So, interest on 100

=21/4×1/84×100= 6 1/4%

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