What sum of money must Mr. Mehta
invest in 5% stock at 104 to get a net
income of Rs. 120, a year after paying an
income tax of 25 paise in a rupee?
(1) Rs. 3400
(2) Rs. 3328
(3) Rs. 2600 (4) Rs. 3600
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Answer:
The right answer is Rs. 2600 .
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