Discussion :: Stocks and Shares
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Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:
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Answer : Option B
Explanation :
Let the investment in 9% stock be Rs. x.
Then, investment in 10% stock = Rs. (9800 - x).
\(\frac { 9 } {75 }\)XX=\(\frac { 1 0} {80 } *\)Rs. (9800 - x).
\( \frac { 3X} { 25 }\)=\( \frac { 9800 -X} { 8 } \)
24x = 9800 x 25 - 25x
49x = 9800 x 25
x = 5000.
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