A wants to secure an annual income of Rs. 1500 by investing in 15% deb – McqOptions

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1.	A wants to secure an annual income of Rs. 1500 by investing in 15% debentures of face value Rs. 100 each and available for Rs. 104 each. If the brokerage is 1%, then the sum of money he should invest is -
A.	s. 10504
B.	s. 10784
C.	s. 15000
D.	s. 19642
Answer» B. s. 10784

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