Banking Question:

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Bella invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125. If his total dividend per annum is Rs. 1360, how much does he invest in 12% stock at Rs. 120?
A. Rs. 4000
B. Rs. 4500
C. Rs. 5500
D. Rs. 6000

Banking Interview Question
Banking Interview Question

Answer:

A. Rs. 4000

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By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
A. Rs. 80
B. Rs. 96
C. Rs. 106
D. Rs. 108		A 12% stock yielding 10% is quoted at:
A. Rs. 83.33
B. Rs. 110
C. Rs. 112
D. Rs.120