general math MCQ #48

What is the annual income derived from a Rs. 2400, 8% stock purchased at 96?

general math MCQ #48

  1. Question 1

    Q1. What is the annual income derived from a Rs. 2400, 8% stock purchased at 96?

    • A) Rs0.10
    • B) Rs0.15
    • C) Rs0.20
    • D) Rs0.25

    Answer: Rs0.20

    Explanation: Annual income on Rs.2400 face value at 8% = 2400 × 8/100 = Rs.192; the purchase price of Rs.96 per Rs.100 face value does not affect the income received.