In order to obtain an income of Rs. 500 from 30% stock at Rs. 90, one must make an investment of
Choose the correct option:
A) rs . 1550	B) rs . 1430	C) rs . 1450	D) rs . 1400	E) rs . 1500

Rationale: "explanation : market value = rs . 90 required income = rs . 500 . here face value is not given . take face value as rs . 100 if it is not given in the question to obtain rs . 30 ( ie , 30 % of the face value 100 ) , investment = rs . 90 to obtain rs . 15000 , investment = 90 / 30 ã — 500 = rs . 1500 answer : option e"
Answer: E