Vishwanath
Sunday, February 17, 2013
32. | 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: |
A. | 3 : 4 | B. | 3 : 5 | C. | 4 : 5 | D. | 16 : 15 |
|
Answer: Option D
Explanation:
For an income of Re. 1 in 9% stock at 96, investment = Rs. |
| 96 |
| = Rs. | 32 |
9 | 3 |
For an income Re. 1 in 12% stock at 120, investment = Rs. |
| 120 |
| = Rs. 10. |
12 |
Ratio of investments = | 32 | : 10 = 32 : 30 = 16 : 15. |
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Title : Stocks And Shares Q32
Description : 32. 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 th...
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