To produce an annual income of Rs. 1200 from a 12% stock at 90, the a – McqOptions

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1.	To produce an annual income of Rs. 1200 from a 12% stock at 90, the amount of stock needed is__________?
A.	Rs. 10,000
B.	Rs. 10,800
C.	Rs. 14,400
D.	Rs. 16,000
Answer» B. Rs. 10,800

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