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FV₹100 shares pay 12% and cost ₹150. Capital needed for ₹360 annual income?

A₹3,000
B₹3,600
C₹4,500
D₹5,400
Answer & Solution
Correct answer: C. ₹4,500
Thirty shares are needed for ₹360 income and cost ₹4,500 at ₹150 each.
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