Sakshi invests a portion of her Rs. 12,000 in 12% stock at Rs. 120 and the rest in 15% stock at Rs. 125. How much does he invest in a 12 percent stock at Rs. 120 if his total dividend per year is Rs. 1360?
A. Rs. 4000
B. Rs. 4500
C. Rs. 5500
D. Rs. 6000
Answer:A
Sakshi invests a portion of her Rs. 12,000 in 12% stock at Rs. 120 and the rest in 15% stock at Rs. 125. How much does he invest in a 12 percent stock at Rs. 120 if his total dividend per year is Rs. 1360?
A. Rs. 4000 B. Rs. 4500 C. Rs. 5500 D. Rs. 6000
Explanation: Let's say you invested Rs. x in a 12 percent stock.Then, a 15% stock investment equals Rs (12000 - x).1360 = 12/120 X x + 15/125 x (12000 - x).1360 = x/10 + 3/25(12000 - x).1360 x 50 = 5x + 72000 - 6x,4000 is the value of x.