Question
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 he ratio.
Answer: Option D
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For an income of Re. 1 in 9% stock at 96, investment = Rs. `(96/9)` = Rs. `32/3`
For an income of Rs. 1 in 12% stock at 120, investment = Rs. `(120/12)` = Rs. 10.
`:.` Ratio of investment = `32/3 : 10 = 32 : 30 = 16 : 15
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