In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
Rs.6240
Rs.7240
Rs.8240
Rs.9240
Explanation:
To obtain Rs. 10, investment = Rs. 96.
To obtain Rs. 650, investment =$Rs.\left(\dfrac{96}{10}\times650\right)$
=Rs.6240