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(C) The face value of the stock is $Rs. 100$.Brokerage is $1 \%$ of the market price of $Rs. 90$,which is $Rs. 0.90$.Therefore,the total cost (investm

Vedclass · Accepted Answer

$18543.60$

Vedclass · Answer

(C) The face value of the stock is $Rs. 100$.Brokerage is $1 \%$ of the market price of $Rs. 90$,which is $Rs. 0.90$.Therefore,the total cost (investment) to purchase $Rs. 100$ stock is $Rs. 90 + Rs. 0.90 = Rs. 90.90$.The annual income from $Rs. 100$ stock is $9 \frac{1}{2} \% = Rs. 9.50$.For an income of $Rs. 9.50$,the investment required is $Rs. 90.90$.For an income of $Rs. 1938$,the investment required is calculated as:$	ext{Investment} = \frac{90.90}{9.50} 	imes 1938 = \frac{90.90}{19/2} 	imes 1938 = \frac{90.90 	imes 2}{19} 	imes 1938$.$	ext{Investment} = 90.90 	imes 2 	imes 102 = 181.80 	imes 102 = Rs. 18543.60$.

Find out the investment required to get an income of $Rs. 1938$ from $9 \frac{1}{2} \%$ stock at $90$ (Brokerage $1 \%$). (in $Rs.$)

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