Question

a man bought 360 ten rs shares paying 12% per annum.he sold them when the price rose to rs21 and invested the proceeds in five rs shares paying 4.5 prr annum at rs 3.5% per share .find the annual change in income.pls solve it step wisw

Answer 1

income=no:of share*dividend%8nominal value
income=360812/100810=432
 sum invested=no:of share*market value
sum invested=360*21=7560
no:of share=sum invested/market value=7560/3.5=2160
income=2160*4.5/100*5=486
change in income=486-432=54

Answer 2

income=no:of share*dividend%8nominal value

income=360812/100810=432

 sum invested=no:of share*market value

sum invested=360*21=7560

no:of share=sum invested/market value=7560/3.5=2160

income=2160*4.5/100*5=486

change in income=486-432=54

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