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  1. To produce an annual income of Rs. 500 in a 4% stock at 90, the amount of stock needed is ?
    1. Rs. 11250
    2. Rs. 12500
    3. Rs. 18000
    4. Rs. 20000
Correct Option: B

For an income of Rs. 4, stock needed = Rs. 100
For an income of Rs. 500, stock needed = Rs. (100 / 4) x 500 = Rs. 12500


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