Question:
A man invests some money partly in 8% stock at 105 and partly in 12%, stock at 90. In what ratio should he invest the money to have equal dividends?
A man invests some money partly in 8% stock at 105 and partly in 12%, stock at 90. In what ratio should he invest the money to have equal dividends?
Updated On: Aug 20, 2024
- 3:2
- 9:7
- 7:4
- 2:3
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The Correct Option is C
Solution and Explanation
The correct option is (C): 7:4.
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