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Stocks and Shares

Q1:

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?

A Rs. 4000

B Rs. 4500

C Rs. 5500

D Rs. 6000

ANS:A - Rs. 4000

Let investment in 12% stock be Rs. x. Then, investment in 15% stock = Rs. (12000 - x).

12 x x + 15 x (12000 - x) = 1360.
120 125
x + 3 (12000 - x) = 1360.
10 25
 5x + 72000 - 6x = 1360 x 50  x = 4000.



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