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

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Mathematics

asked Sep 07, 2023 at 09:12

A

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Answer 1

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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%

answered Sep 07, 2023 at 09:12

A

Answer 2

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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