Find the income on 7$\dfrac{1}{2}$ % stock of Rs. 2000 purchased at Rs. 80.
Rs.6
Rs.160
Rs.148
Rs.150
Explanation:
Face Value of the stock = Rs.2000
Dividend is 7 $\dfrac{1}{2}$% = $\dfrac{15}{2}$% of the face value
Dividend = $\dfrac{2000 \times 15 }{2 \times 100}$ = Rs.150