Mathematics
NULL
Medium
Question
A man invests partly in 9% stock at 96 and partly in 12% stock at 120. For equal dividends from both, in what ratio must he invest?
A
3 : 4
B
3 : 5
C
4 : 5
D
16 : 15
✓ Official correct answer
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A
3 : 4
No member explanations yet for this option.
B
3 : 5
No member explanations yet for this option.
C
4 : 5
No member explanations yet for this option.
D
16 : 15
No member explanations yet for this option.
Explanation
Equal dividends: 9x/96 = 12y/120 ⇒ x : y = 16 : 15.