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

• Let investment in 12% stock be Rs. x.
  
  Then, investment in 15% stock = Rs. (12000 - x).
  
  12 x x + 15 x (12000 - x) = 1360.
  120 125
  x + 3 (12000 - x) = 1360.
  10 25
  5x + 72000 - 6x = 1360 x 50
  
  x = 4000.
• 12 years agoHelpfull: Yes(1) No(0)
• Let investment in 12% be Rs.X
  then investment in 15% stock= Rs(12000-X)
  Total divident per annum = Rs.1360
  
  Therefore adding two investments,we get
  = 12*X/120 + 15*(12000-X)/125 = 1360
  = X/10 + 3(12000-X)/125 = 1360
  = 5X + 72000 - 6X = 1360 * 50
  X = 72000 - 68000
  X = 4000.
• 10 years agoHelpfull: Yes(0) No(0)