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What income will be derived by investing Rs. 1900 in 8 percent stock at 5 discount?

Rs. 160
Rs. 150
Rs. 100
Rs. 180

Correct Answer: Rs. 160

Explanation:

Required income = [1900 / (100 - 5 + 0)] x 8 = Rs. 160
[Here value of brokerage is 0]

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