A man sells Rs.5000, 12 % stock at 156 and invests the proceeds parity – McqOptions

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1.	A man sells Rs.5000, 12 % stock at 156 and invests the proceeds parity in 8 % stock at 90 and 9 % stock at 108. He hereby increases his income by Rs. 70. How much of the proceeds were invested in each stock?
A.	4000
B.	4200
C.	4002
D.	4020
Answer» C. 4002

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