Ram invests ₹46500 in 6% stock at 93 and sells the stock when its price rose to ₹95. He invests

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09 Nov 2021 share

Ram invests ₹46500 in 6% stock at 93 and sells the stock when its price rose to ₹95. He invests the sale proceeds in 9% stock at 95. Find out the change in Ram’s income.

OPtion

1. 1250
2. 1400
3. 4500
4. 4700
5. 1500
6. 1450
7. 4550
8. 4750
9. 1550
10. None of the above

Solution

Income from first stock = (6/93 x 46500) = 3000
We have to find the amount realized on selling this stock.
Amount realized on selling 93 stock = 95
∴ Amount realized on selling 46500 stock = 95/93 x 46500 = 475000
This amount is invested in 9% stock at 95.
∴ Income from the second stock
= (9/95 x 47500) = 4500
Hence, increase in income
= (4500 - 3000) = 1500.

Correct Option: 5 Best Solution (1)

G.S.Kantharao   2 years AGO

Investment=Rs.46500 @93
Number of shares = 46500/93=500
Number of shares purchased again=500×9/6=750
Share raised @2=750×2=Rs.1500
My option is 5👈

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