A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio?  Choose the correct option: A) 16:18 B) 16:13 C) 16:15 D) 16:12 E) 16:11
For an income of Re. 1 in 9% stock at 96, investment   = Rs. 96/9 = Rs.32/3   For an income Re. 1 in 12% stock at 120, investment   = Rs. 120/12 = Rs. 10.   Ratio of investments =(32/3) : 10   = 32 : 30 = 16 : 15   Answer: 16:15
<result>C</result>
A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio?