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Discussion :: Stocks and Shares

  1. 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:

    2. A.

    3 : 4
    B.

    3 : 5
    C.

    4 : 5
    D.

    16 : 15

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    Answer : Option D

    Explanation :

    For an income of Re. 1 in 9% stock at 96, investment = Rs.\( [\frac {96 } {9 } ]\)= Rs.\( \frac {32 } {3 }\)

     

    For an income Re. 1 in 12% stock at 120, investment = Rs.\( [\frac {120 } {12 } ]\)Rs.10

     

     Ratio of investments =\( \frac {32 } {3 }\): 10 = 32 : 30 = 16 : 15.

     

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