37. A man invests some money partly in 9% stock at 96 and partly in12%stock at 120. To obtain equal dividends from both, he must invest the money in the ratio
A.4:5 B.3:4
C.16:15 D.3:5
Answer: Option:C
Answer: 16:15
Explanation: For an income of Re 1 in 9% stock at 96, investment = 96/9 = 32/3
For an income of Re 1 in 12% stock at 120, investment = 120/12 = 10
Ratio of investments = 32/3 : 10 = 32 : 30 = 16: 15.
