Stocks and Shares - Arithmetic Aptitude Questions and Answers

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Discussion :: Stocks and Shares

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:

3 : 4

3 : 5

4 : 5

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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