Question

3. A man invests a certain sum in buying 15%100 shares at 20% premium. Find :
(i) his income from one share.
(ii) the number of shares bought to have anincome, from the dividend, * 6,480.
(iii) sum invested.​

Answer 1

r=15%

n=100

i) his income from one share

15% 0f 100

15x100/100=Rs.15

:- income on one share is Rs.15.

ii) the number of shares bought to have an income from the dividend 6480

=annual income/dividend

= 6480/15

= 432

iii) Sum invested

Let NV be 100.

The MV which is at 20% premium

MVwill be100+20% of 100 =120

Sum invested

= no. of shares xMV

=432x 120

=Rs.51480

:-)

done..hope it helps you