Sakshi invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the r…

Question

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?

Accepted Answer

Option A. Rs. 4000. Answer & Solution Answer: Option A Solution: & Let\, investment\, in\,12\% \, stock\, be\,Rs.x & Then,\, investment\, in\,15\% \, stock & = Rs.\, ( 12000 - x ) & 12120 × x + 15125 × ( 12000 - x ) & = 1360 & x10 + 325 ( 12000 - x ) = 1360 & 5x + 72000 - 6x = 1360 × 50 & \,x = 4000