Home / Arithmetic Aptitude / Stocks and Shares :: Discussion

Discussion :: Stocks and Shares

1. 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?

2.  A. Rs. 4000 B. Rs. 4500 C. Rs. 5500 D. Rs. 6000

Explanation :

Let investment in 12% stock be Rs. x.

Then, investment in 15% stock = Rs. (12000 - x).

$$\frac { 12 } {1 20 } XX$$+$$\frac { 15 } {1 25 } *$$ (12000 - x) = 1360.

$$\frac { X } {10 }+$$$$\frac { 3 } {25 }$$(12000 - x) = 1360

5x + 72000 - 6x = 1360 x 50

x = 4000.

Be The First To Comment