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

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