Stocks and Shares - Arithmetic Aptitude Questions and Answers

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Discussion :: Stocks and Shares

Sakshi invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125. If his total dividend per annum is Rs. 1360, how much does he invest in 12% stock at Rs. 120?

Rs. 4000

Rs. 4500

Rs. 5500

Rs. 6000

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Answer : Option A

Explanation :

Let investment in 12% stock be Rs. x.

Then, investment in 15% stock = Rs. (12000 - x).

$\frac { 12 } {1 20 } XX$ + $\frac { 15 } {1 25 } *$ (12000 - x) = 1360.

$\frac { X } {10 }+$ $\frac { 3 } {25 }$ (12000 - x) = 1360

5x + 72000 - 6x = 1360 x 50

x = 4000.

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