Vishwanath
Saturday, February 16, 2013
7.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
For an income of Re. 1 in 9% stock at 96, investments | = Rs. |
| 96 |
| = Rs. |
| 32 |
|
9 | 3 |
For an income of Re.1 in 12% stock at 120, investments | = Rs. |
| 120 |
| = Rs. 10 |
12 |
Ratio of investments | = | 32 | : 10 = 32 : 30 = 16 : 25 |
3 |
Title : Stocks And Shares Q7
Description : 7.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 m...
Rating : 5
