1. Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:
Ask Your Doubts Here
Comments
By: guest on 01 Jun 2017 05.48 pm
Let the investment in 9% stock be Rs. x. Then, investment in 10% stock = Rs. (9800 - x). 9 x x = 10 x (9800 - x) 75 80 3x = 9800 - x 25 8 24x = 9800 x 25 - 25x 49x = 9800 x 25 x = 5000.