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_________?
Q1. 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_________?
Answer: 16:15
Explanation: Income per rupee invested: 9% stock at 96 yields 9/96; 12% stock at 120 yields 12/120 = 1/10. For equal dividends, invest in ratio (9/96):(1/10) inverted = 96/9 : 10 = 32:30/3 → 16:15.