32.
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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:
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A.
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3 : 4
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B.
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3 : 5
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C.
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4 : 5
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D.
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16 : 15
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Answer: Option D
Explanation:
For an income of Re. 1 in 9% stock at 96, investment = Rs.
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96
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= Rs.
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32
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9
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3
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For an income Re. 1 in 12% stock at 120, investment = Rs.
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120
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= Rs. 10.
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12
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Ratio of investments =
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32
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: 10 = 32 : 30 = 16 : 15.
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3
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Title : Stocks And Shares Q32
Description : 32. 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 inve...
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