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Mahesh invests some money partly in 3% stock at 96 and partly in 4% stock at 120. To get equal dividends from both...

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Mahesh invests some money partly in 3% stock at 96 and partly in 4% stock at 120. To get equal dividends from both, what should be the ratio of his investment in both the stocks.

posted May 10, 2016 by anonymous

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1 Answer

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For an income of Re. 1 in 3% stock at 96, investment = Rs. 96/3 = Rs. 32
For an income Re. 1 in 4% stock at 120, investment = Rs. 120 /4 = Rs. 30

Ratio of investments = 32 : 30 = 16 : 15.

answer May 13, 2016 by Hasan Raza
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