Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

By investing ₹4650 in a $7\frac{1}{2}$% stock, a person obtains an income of ₹300. The market price of the stock is :

Options:

₹116.25

₹114.50

₹120.75

₹118.35

Correct Answer:

₹116.25