Question:
A man sells Rs. 5000, \(12\%\) stock at 156 and invests the proceeds partly in \(8\%\) stock at 90 and the balance in \(9\%\) stock at 108. He thereby increase his income by Rs. 70. How much of the proceeds were invested in each stock?
A man sells Rs. 5000, \(12\%\) stock at 156 and invests the proceeds partly in \(8\%\) stock at 90 and the balance in \(9\%\) stock at 108. He thereby increase his income by Rs. 70. How much of the proceeds were invested in each stock?
Updated On: Oct 11, 2024
- Rs. 3600 in \(8\%\) stock and Rs. 4200 in \(9\%\) stock
- Rs. 3400 in \(8\%\) stock and Rs. 4000 in \(9\%\) stock
- Rs. 7200 in \(8\%\) stock and Rs. 7800 in \(9\%\) stock
- Rs. 4800 in \(8\%\) stock and Rs. 5400 in \(9\%\) stock
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The Correct Option is A
Solution and Explanation
The correct option is (A): Rs. 3600 in \(8\%\) stock and Rs. 4200 in \(9\%\) stock
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