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

The Correct Option is A

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