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 the ratio_________?

A. 3:4
B. 3:5
C. 4:5
D. 16:15

For an income of Re. 1 in 9% stock at 96,investments
= Rs. (96 / 9).

= Rs.(32/3).

For an income of Re.1 in 12% stock at 120,investments

=Rs.(120/12 )

= Rs.10.

Ratio of investments= 32/3:10=32 : 30 = 16:25.

Correct Answer: D. 16:15 ✔

Last Updated: October 07, 2019