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. Rs. 3600 in $8\%$ stock and Rs. 4200 in $9\%$ stock
• B. Rs. 3400 in $8\%$ stock and Rs. 4000 in $9\%$ stock
• C. Rs. 7200 in $8\%$ stock and Rs. 7800 in $9\%$ stock
• D. Rs. 4800 in $8\%$ stock and Rs. 5400 in $9\%$ stock

Answer 1

Answer: (A)

Rs. 3600 in $8\%$ stock and Rs. 4200 in $9\%$ stock

Answer 2

The correct option is (A): Rs. 3600 in $8\%$ stock and Rs. 4200 in $9\%$ stock