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
Correct Answer :
For an income of Re. 1 in 9% stock at 96, investment =
For an income Re. 1 in 12% stock at 120, investment = Rs.
= Rs. 10.
Ratio of investments =
: 10 = 32 : 30 = 16 : 15.
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