Question:To produce an annual income of Rs. 1200 from a 12% stock at 90, the amount of stock needed is : 

A Rs. 10800 
B Rs. 14400 
C Rs. 10000 
D Rs. 16000 

+ Answer
C 

+ Explanation
For an income of Rs. 12, stock needed = Rs. 100

For an income of Rs. 1200, stock needed `= Rs. (100/12 xx 1200)`

`= Rs. 10000.

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Irin Moni

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