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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:

3 : 4
3 : 5
4 : 5
16 : 15

Correct Answer: 16 : 15

Explanation:

For an income of Re. 1 in 9% stock at 96, investment = Rs.	❨	96	❩	= Rs.	32
		9			3

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

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

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