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Find the annual income derived by investing Rs. 770 in 4 1/ 2% stock at 96? (Brokerage 1 / 4%)

Rs. 56
Rs. 46
Rs. 39
Rs. 36

Correct Answer: Rs. 36

Explanation:

96 = (770 x 9/2) / (Ans - 1/4)
or Ans = (770 x 9/2) / (96 + 1/4)
Ans = Rs. 36

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