To produce an annual income of ₹ 1200 from a 12% stock at 90, the amount of stock needed is · ABC26GN5252

Subject: General Aptitude · Chapter: Stocks and Shares

To produce an annual income of ₹ 1200 from a 12\% stock at 90, the amount of stock needed is

(a)₹ 10,000

(b)₹ 10,800

(c)₹ 14,400

(d)₹ 16,000

Answer

Answer: A ✓ checked by 4AB · confidence high

Explanation

₹1200 income at 12 % needs ₹10,000 of stock (the price 90 affects the investment, not the face value needed).

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