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Question
Find the income by investing ₹ 83200 in 6% stock at 104.
Sum
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Solution
Given:
Investment = ₹ 83,200
Stock rate = 6%
Market price = ₹104
Nominal value
`= (83200/104) xx 100`
`=8320000/104`
= ₹ 80,000
Income
= 6% of ₹ 80,000
`=6/100xx80000`
= ₹ 4800
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