a man invests a sum of money 600 rupee 75 shares of a company at a premium of 12% . the company pay 10% divided annually . find 1. the total investment made by him 2 .his annual income from shares 3. the rate of return on his investment.
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Answers
A man invests a sum of money 600 rupee 75 shares of a company at a premium of 12% . the company pay 10% divided annually . find 1. the total investment made by him 2 .his annual income from shares 3. the rate of return on his investment.
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Answer:
No. of Shares = 600
Face value = ₹ 75
Premium % = 12%
Premium = 12/100*75
= ₹ 9
Market value = ₹ 75 + 9
= ₹ 84
1) Investment = n* mv
= 600*84
= ₹ 50400
2) Annual Income = n*Fv*d%/100
= 600*75*10/100
= ₹ 4500
3) Rate of return = Annual income / Investment*100
= 4500/50400*100
= 8.9%
Answer.....