Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to…

Question

Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:

Accepted Answer

Option B. Rs. 5000. Answer & Solution Answer: Option B Solution: & Let\, the\, ivestment\, in\,9\% \, stock\, be\,Rs.\,x & Then,\, investment\, in\,10\% \, stock & = Rs.\, ( 9800 - x ) & 975 × \,x\, = 1080\, × \, ( 9800 - x ) & 3x25 = 9800 - x8 & 24x = 9800 × 25 - 25x & 49x = 9800 × 25 & x = 5000