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A invested some money in 4% stock at 96. Now, B wants to invest in an equally goods 5% stock. B must purchase a stock worth of?

Rs. 120
Rs. 124
Rs. 76.80
Rs. 80

Correct Answer: Rs. 120

Explanation:

For an income of Rs. 4, investment = Rs. 96
For an income of Rs. 5, investment = Rs. (96/4) x 5 = Rs. 120

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