Let,
the investment made by Sanjay be Rupees \(x\)
Now,
\(\Rightarrow\;\)\(\text{Rahul capital} \times \text{Number of months invested = Sanjay capital} \times \text{Number of months invested}\)
\(\Rightarrow\;\)\(8000\times12 = x\times6\) (since Sanjay joined after 6 months)
\(\Rightarrow\;\)x= Rs. 16000
The correct option is (A): Rs 16,000
A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is \(10\%\) per annum, the man.
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?