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What is the annual income by investing Rs. 3000 in 6% stock at 120?

Rs. 150
Rs. 100
Rs. 200
Rs. 250

Correct Answer: Rs. 150

Explanation:

120 = (3000 x 6) / (Ans - 0)
∴ Ans = (3000 x 6) / 120 = Rs. 150

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