11. Find what sum of money 1 must invest in a 10 per cent stock at 102 to obtain an income of Rs. 400 per year ?

1. 1. Rs. 4800

   
   
   

   2. Rs. 8040

   
   
   

   3. Rs. 4080

   
   
   

   4. Rs. 8400

   
   
   

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1. View Hint View Answer Discuss in Forum

   400 = (Ans / 102) x 10
   or Ans = (102 x 400) / 10

   Correct Option: C

   400 = (Ans / 102) x 10
   or Ans = (102 x 400) / 10
   ∴ Ans = 102 x 40 = Rs. 4080

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12. What annual income will be derived by investing Rs. 1547 in 13 percent Railway stock at 119 ?

1. 1. Rs. 189

   
   
   

   2. Rs. 179

   
   
   

   3. Rs. 169

   
   
   

   4. Rs. 159

   
   
   

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1. View Hint View Answer Discuss in Forum

   Required answer = (1547 / 119) x 13

   Correct Option: C

   Required answer = (1547 / 119) x 13 = Rs. 169
   

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13. What income will be derived by investing Rs. 3000 in 9¹/₂% per cent ?

1. 1. Rs. 360.50

   
   
   

   2. Rs. 350.25

   
   
   

   3. Rs. 360.25

   
   
   

   4. None of these

   
   
   

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1. View Hint View Answer Discuss in Forum

   Required answer = (3000 x 19) / 200

   Correct Option: D

   Required answer = (3000 x 19) / 200 = Rs. 285

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14. A man invests in a 4¹/₂% stock at 96. The interest obtained by him is ?

1. 1. 4%

   
   
   

   2. 4.5%

   
   
   

   3. 4.69%

   
   
   

   4. 1/2%

   
   
   

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1. View Hint View Answer Discuss in Forum

   By investing Rs 96, income derived = Rs. 9/2
   By investing Rs. 100, income derived = Rs. (9 x 100) / (2 x 96) = Rs.4.69

   Correct Option: C

   By investing Rs 96, income derived = Rs. 9/2
   By investing Rs. 100, income derived = Rs. (9 x 100) / (2 x 96) = Rs.4.69
   Interest obtained =4.69%

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15. Find the cost of Rs. 15000, 5¹/₂%, stock at 99 ? (Brokerage 1%)

1. 1. Rs. 15000

   
   
   

   2. Rs. 12500

   
   
   

   3. Rs. 13000

   
   
   

   4. None of these

   
   
   

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1. View Hint View Answer Discuss in Forum

   Rs. 15000 x (99 + 1)/100

   Correct Option: A

   Rs. 15000 x (99 + 1)/100 = Rs. 15000

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