A man invested Rs. 50490 in 5% stock at 99 and sold it when the price – McqOptions

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1.	A man invested Rs. 50490 in 5% stock at 99 and sold it when the price rose to Rs. 102. He invested the sale proceeds in 8% stock at 96. Find the change in man’s income (Brokerage: Rs. 3)?
A.	Rs. 1485
B.	Rs. 1385
C.	Rs. 1585
D.	Rs. 1685
Answer» B. Rs. 1385

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