Question

8. A man invested 724,000 in 750 shares bought at 4% discount giving 10% dividend. After 1 year, he
sold the shares at a premium of 10 and invested the proceeds in 100 share selling at 780. Thus
his annual income increased by 7500. Find the rate of dividend of the new company​

Answer 1

8. A man invested 724,000 in 750 shares bought at 4% discount giving 10% dividend. After 1 year, he sold the shares at a premium of 10 and invested the proceeds in 100 share selling at 780. Thus

his annual income increased by 7500. Find the rate of dividend of the new company.

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