To produce an annual income of Rs. 1200 from a 12 % stock at 90,the amount of stock needed is : Select the correct option.
A) Rs. 10,000	B) Rs. 10,800	C) Rs. 14,400	D) Rs. 16,000	E) Rs. 46,000
Solution   For an income of Rs. 12, stock needed = Rs. 100.   For an income of Rs. 1200, stock needed = Rs. 10/12x12000=10,000   Rs. 10,000nswer Rs. 10,000
<result>A</result>
To produce an annual income of Rs. 1200 from a 12 % stock at 90,the amount of stock needed is :