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Find out the investment required to get an income of $ 1938 from 91/2% stock at 90 (Brokerage 1%).
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- $ 19642.60
- $ 17543.00
- $ 18543.60
- $ 18600.60
Correct Option: C
Given that :- Brokerage = 1% $ 90 = $ 0.90
∴ Investment needed to buy $ 100 stock
= $ 90.90 on which the income is $ 9%
For income of $ 91/2 , the investment = $ 90.90
For income of $ 1938, the investment
| = $ |  | 90.90 x 2 | x 1938 |  | = $ 18543.60 . |
| 19 |
