Question: Rajinder invests a part of Rs. 12000 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 ?
A
B
C
D
Rs. 4500
B
Rs. 5500
C
Rs. 6000
D
Rs. 4000
Note: Let investment in 12% stock be Rs. x.
Then, investment in 15% stock` = Rs.(12000 - x).`
`12/120 xx x + 15/125 xx (12000 - x) = 1360`
`or x/10 xx 3/25 (12000 - x) = 1360`
`or 5x + 72000 - 6x`
`= 1360 xx 50 or x = 4000.`