In order to obtain an income of tk 650 from 10% stock at tk 96,one must make an investment of :

A    tk 3100

B    tk 6240

C    tk 6500

D    tk 9600

Solution

Correct Answer: Option B

 

To obtain Tk. 10, investment = tk. 96.

To obtain Tk. 650, investment = tk. 96/10 x 650 = tk. 6240.

 

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