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) None of these
Solution   For an income of Rs. 12, stock needed = Rs. 100.   For an income of Rs. 1200, stock needed = Rs. 100/12x1200 = 10000   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 :