Mathematics
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Medium
Question
What face value of 12% stock at 90 is needed to produce Rs.1200 annual income?
A
Rs. 10,000
✓ Official correct answer
B
Rs. 10,800
C
Rs. 14,400
D
Rs. 16,000
Community credibility
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A
Rs. 10,000
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B
Rs. 10,800
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C
Rs. 14,400
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D
Rs. 16,000
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Explanation
Face value = (1200/12) × 100 = Rs.10,000.