T

Tina Singh • 10.85K Points
Tutor II Math 

Q. A man invests in a 4.5% stock at 96. The interest obtained by him is ?

  • (A) 4%
  • (B) 4.5%
  • (C) 4.69%
  • (D) 1/2%
Correct Answer - Option(C)
Explanation by: Tina Singh 
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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