Ramesh invests some money partly in 3% stock at 96 and partly in 4% stock at 120. To get equal divid

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10 May 2016 Stock

Ramesh invests some money partly in 3% stock at 96 and partly in 4% stock at 120. To get equal dividends from both, he must invest the
money in the ratio.

OPtion

1) 2:3
2) 16:15
3) 3:4
4) 3:5
5) 4:5
6) 3:4
7) 12:13
8) 4:7
9) 9:10
10)None of these

Solution

For an income of Rs.1 in 3% stock, investment
= Rs.(96/3) = Rs.32
For an income of Rs.1 in 4% stock investment
= Rs.(120/4) = 30
Ratio of investment = 32:30 = 16:15
Option 2)

Correct Option: 2 Best Solution (7)