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
Answer:A
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