In order to obtain an income of Rs. 500 from 30% stock at Rs. 90, one must make an investment of

In order to obtain an income of Rs. 500 from 30% stock at Rs. 90, one must make an investment of

Quiz

Answer/Solution

Rs.1500

Steps/Work

Explanation :
Market Value = Rs. 90
Required Income = Rs. 500.
Here face value is not given. Take face value as Rs.100 if it is not given in the question
To obtain Rs.30 (ie,30% of the face value 100), investment = Rs.90
To obtain Rs.15000, investment = 90/30×500=Rs.1500
Answer : Option E

Gain Calculator / Auto Solver

In order to obtain an income of $ from % stock at $, one must make an investment of

Calculated Answer

1500

Step by Step Solution

In order to solve problem, you must evaluate n0 * n2 / n1.

n0 =500
n1 =30
n2 =90