Question:
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
3 : 5
4 : 5
16 : 15
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].
[B].
[C].
[D].
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. |
| 3 |