To get an equivalent quantity of income, Rs. 9800 is invested in 9 percent stock at 75 percent and 10% stock at 80 percent. The following is the return on a 9 percent stock investment:
A. Rs. 4800
B. Rs. 5000
C. Rs. 5400
D. Rs. 5600
Answer:B
To get an equivalent quantity of income, Rs. 9800 is invested in 9 percent stock at 75 percent and 10% stock at 80 percent. The following is the return on a 9 percent stock investment:
A. Rs. 4800 B. Rs. 5000 C. Rs. 5400 D. Rs. 5600