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Prateek Asked :

13-01-2022 Stocks and Shares

Q. 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?

A. Rs. 4000
B. Rs. 4500
C. Rs. 5500
D. Rs. 6000


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Dapzoi Verified
Commented on 2022-01-15 10:58:26 (IST)
Answer: Option A

 

Explanation:

Let investment in 12% stock be Rs. x.

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

(12/120)x + (15/125) x (12000 - x) = 1360.

(x/10) + (3/25)(12000 - x) = 1360.

5x + 72000 - 6x = 1360 x 50

x = 4000.