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A man invests in a 4 1/ 2% stock at 96. The interest obtained by him is?

Correct Answer: 4.69%

Explanation:

By investing Rs 96, income derived = Rs. 9/2
By investing Rs. 100, income derived = Rs. (9 x 100) / (2 x 96) = Rs.4.69
Interest obtained =4.69%


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