To produce an annual income of Rs. 1200 from a 15 % stock at 90,the amount of stock needed is :  Pick.
A) s. 10,000 B) s. 10,800 C) s. 14,400 D) s. 16,000 E) s. 46,000
Solution   For an income of Rs. 15, stock needed = Rs. 100.   For an income of Rs. 1500, stock needed = Rs. 10/12x15000=10,000   s. 10,000nswer s. 10,000
<result>A</result>
To produce an annual income of Rs. 1200 from a 15 % stock at 90,the amount of stock needed is :