Sakshi invests a part of ₹ 12,000 in 12% stock at ₹ 120 and the remainder in 15% stock at ₹ 125. If his total… · ABC26GN5260
Subject: General Aptitude · Chapter: Stocks and Shares
Sakshi invests a part of ₹ 12,000 in 12\% stock at ₹ 120 and the remainder in 15\% stock at ₹ 125. If his total dividend per annum is ₹ 1360, how much does he invest in $12 \%$ stock at ₹ 120?
(a)₹ 4000
(b)₹ 4500
(c)₹ 5500
(d)₹ 6000
Answer
Answer: A ✓ checked by 4AB · confidence high
Explanation
Yield on the 12 % stock at 120 is 10 %, on the 15 % stock at 125 is 12 %. 0.10x + 0.12(12000 − x) = 1360 ⇒ 0.02x = 80 ⇒ x = ₹4000.