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Discussion :: Stocks and Shares

  1. 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?

    2. A.

    Rs. 4000
    B.

    Rs. 4500
    C.

    Rs. 5500
    D.

    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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