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A man invests Rs. 1980 in 3.5% stock at 99 and Rs. 3220 in 4.5% stock at 105. Find the average rate of return that he earns on his capital?

A.	5.3%	B.	4.5%
C.	4%	D.	10%

Answer and Explanation

Answer:4%

Explanation:
The total returns amount to {(3.5 x 1980) / 99} + {(4.5 x 3220) / 105}
=> = Rs. 208. This amount is returns on a total investment of 1980 + 3220 = Rs. 5200. Therefore, the average rate of return is (208/5200) = 0.04 = 4%

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