Income from investing ₹3000 at 9.5% (assume at par): What annual income (in ₹) will be derived?

Introduction / Context:If we invest at par with a coupon rate, the annual income equals the coupon rate times the invested (nominal) amount. Here the calculation is straightforward multiplication by 9.5%.

Given Data / Assumptions:

• Investment (treated as nominal at par) = ₹3000.
• Rate = 9.5% per annum.

Concept / Approach:Income = 0.095 * 3000 = ₹285.

Step-by-Step Solution:Compute 10% of 3000 = 300.Reduce 0.5% of 3000 = 15.Hence 9.5% = 300 − 15 = ₹285.

Verification / Alternative check:Direct multiplication: 3000 * 9.5 / 100 = 3000 * 0.095 = ₹285, same result.

Why Other Options Are Wrong:

• ₹360.50, ₹350.25, ₹360.25 correspond to different percentages and do not equal ₹285.

Common Pitfalls:

• Mistaking 9.5% for 9.05% or similar rounding errors.

Final Answer:None of these