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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

Correct Answer :

D. 16 : 15

For an income of Re. 1 in 9% stock at 96, investment =

R s . (\frac{96}{9}) = R s . \frac{32}{3}

For an income Re. 1 in 12% stock at 120, investment = Rs.

\frac{120}{12}

= Rs. 10.
Ratio of investments =

\frac{32}{3}

: 10 = 32 : 30 = 16 : 15.

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