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To obtain Rs 10 , investment =Rs 96
To obtain Rs 650, investment =Rs [(96/10)*650]=Rs 6240
Ans is 6240
Find the market value of a 21/4 % stock, in which an income of Rs.756 is derived by investing Rs.14976, brokerage being 1/4 %.
Mahesh invests some money partly in 3% stock at 96 and partly in 4% stock at 120. To get equal dividends from both, what should be the ratio of his investment in both the stocks.
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