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Question

₹ 9800 is invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:


  1. Rs. 4800

  2. Rs. 5400

  3. Rs. 5000

  4. Rs. 5600


Solution

The correct option is C

Rs. 5000


Let the investment in 9% stock be Rs.x .

Then, investment in 10% stock = ₹ (9800 - x).

975×x=1080×(9800x)3X25=9800x824x=9800×2525x49x=9800×25x=5000.

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