Which is better investment: 11% stock at 143 or 9% stock at 117?
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Which is better investment: 11% stock at 143 or 9% stock at 117?
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Answer:
11 stock at 143 is better investment
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Answer:
9Q:
Which is better investment : 11% stock at 143 (or) 9 3/4% stock at 117 ?
A) Both are equally good
B) 9 3/4% stock at 117
C) Cannot be compared, as the total amount of investment is not given
D) 11% stock at 143
Answer: B) 9 3/4% stock at 117
Explanation:
Let investment in each case be Rs. (143 x 117).
Income in 1st case = Rs.11143 x 143 x 117 = Rs. 1287.
Income in 2nd case = Rs.394×117 x 143 x 117= Rs. 1394.25
Clearly, 9 3/4% stock at 117 is better
Step-by-step explanation:
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