Stocks and Shares Practice Test 2

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Question : 24 of 36

Marks: +1, -0

By investing in a

7 1/2%

stock at 165, one earns 900. Find the investment made.

Rs 17,892
Rs 18,800
Rs 19,800
Rs 15,600
Rs 19,700

Solution:

For income of Rs

15/ 2

, investment = Rs 165
For income of Rs 900, investment

=165×2/15×900

= Rs 19,800

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