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If her total dividend per annum is Rs 4500, how much does she invest in 15% stock at Rs 110?

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Riya invests a part of Rs 42000 in 9% stock at Rs 120 and the remainder in 15% stock at Rs 110.
If her total dividend per annum is Rs 4500, how much does she invest in 15% stock at Rs 110?

posted Sep 20, 2018 by Basabdatta Mukherjee

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1 Answer

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Rs 22000


Investment in 15% stock is Rs. x, then, investment in 9% stock = Rs. (42000 - x)
x*15/Rs 110 + (Rs 42000 - x)*9/ Rs120=Rs 4500
x = Rs 22000

answer Sep 20, 2018 by Hanifa Mammadov
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