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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:

A.	3 : 4	B.	3 : 5
C.	4 : 5	D.	16 : 15

Answer and Explanation

Answer:16 : 15

Explanation:
For an income of Re. 1 in 9% stock at 96, investment = Rs. 96/9 = Rs. 32/3

For an income Re. 1 in 12% stock at 120, investment = Rs. 120/12 = Rs. 10.

Ratio of investments = 32/3 : 10 = 32 : 30 = 16 : 15.

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