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How much money is obtained from the sale of Rs. 1700 stock at 106 1/ 4%?

Rs. 1806.25
Rs. 1608.25
Rs. 1808.75
None of these

Correct Answer: Rs. 1806.25

Explanation:

Required answer = [(1700 x 425) / 4] x 100
= Rs. 1806.25

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