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Find the market value of a 21/4 % stock, in which an income of Rs.756 is derived by investing Rs.14976..................

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Find the market value of a 21/4 % stock, in which an income of Rs.756 is derived by investing Rs.14976, brokerage being 1/4 %.

posted Sep 1, 2015 by Divya Bharti

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1 Answer

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For an income of Rs.756, investment = Rs.14976
For an income of Rs. 21/4, investment = Rs. (14976/756 * 21/4)= Rs.104
Therefore For a Rs. 100 stock, investment = Rs.104
Hence market value = Rs.(104 - 1/4) = Rs. 103.75

answer Sep 2, 2015 by Vikram Luthra
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