Arithmetic Ability
Stocks and Shares

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Q.

A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:

View Answer

Correct choice: C

Explanation:

For an income of Re. 1 in 9% stock at 96, investment = Rs. 96/9 = Rs.32/3 For an income Re. 1 in 12% stock at 120, investment = Rs. 120/12 = Rs. 10. Ratio of investments =(32/3) : 10 = 32 : 30 = 16 : 15.
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