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A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
A. 7.5% B. 8%
C. 9.7% D. None of these
Read Solution (Total 2)
-
- B
Income of Rs 128 on Investment of Rs 1552
Income of Rs ? on Investment of Rs 96
=(96*128)/1522=8% - 11 years agoHelpfull: Yes(1) No(1)
- By investing Rs. 1552, income = Rs. 128.
By investing Rs. 97, income = Rs.(128*97)/1522=Rs.8
Dividend=8% - 11 years agoHelpfull: Yes(1) No(0)
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