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

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?

Options:

A . Rs. 4000

B . Rs. 4500

C . Rs. 5500

D . Rs. 6000

Answer: Option A

Let investment in 12% stock be Rs. x.

Then, investment in 15% stock = Rs. (12000 - x).

So, $\frac{12}{120}x\times+\frac{15}{125}x\left(12000-x\right) = 1360.$

$\frac{x}{10}+\frac{3}{25}\left(12000-x\right)= 1630.$

5x + 72000 - 6x = 1360 x 50

x = 4000.

Was this answer helpful ?

Next Question

Submit Solution

More Questions on This Topic :

Question 1. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:....

Question 2. Which is better investment: 11% stock at 143 or $$9\frac{3}{4}$$% stock at 117?....

Question 3. A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being $$13\frac{1}{2}$$. The rate of interest obtai....of dividend being $$13\frac{1}{2}$$. The rate of interest obtained is:

Question 4. A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of ....on his money. The market value of each share is:

Question 5. By investing in $$16\frac{2}{3}$$% stock at 64, one earns Rs. 1500. The investment made is:....

Question 6. A 6% stock yields 8%. The market value of the stock is:....

Question 7. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:....

Question 8. 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%....equal amount of incomes. The investment in 9% stock is:

Question 9. A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, h....from both, he must invest the money in the ratio:

Question 10. By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0

Submit Solution

More Questions on This Topic :

Latest Videos

Latest Test Papers