Question

A man bought 4,500 , Rs. 10 shares paying 12% per annum. He sold them when the price rose to Rs. 23 and invested the proceeds in Rs. 25 shares paying 10% per annum, at Rs. 18. Find the change in his annual income.​

Answer 1

Answer:

hloo mate..

here's ur answer..

Total number of share = 450.

Value of one share Rs. 10.

Dividend = 2% per annum.

The total value of 10 shares = Rs 4500.

Therefore, dividend is 2% of Rs. 4500, i.e., 2/100 * 4500 = Rs. 90.

Hence, total money = 4500+90 = Rs. 4590.

Therefore, new share amount = 23 *450 = Rs. 10350.

Therefore, 10350/25 = Rs. 414.

Hence, 450-414 = Rs. 36.

Since there are 10 shares, hence the change in income is 10 X 36 = Rs. 360.

hope it helps..

Answer 2

ʀꜱ.360 ɪꜱ ᴛʜᴇ ᴄᴏʀʀᴇᴄᴛ ᴀɴꜱᴡᴇʀ