Question

A man invests Rs 10400 in 6% shares at Rs104 and Rs 11440 in 10.4% shares at Rs 143.How much income would he get in all?

Answer 1

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Answer 2

Answer:

The mans income is Rs. 1813.76

Step-by-step explanation:

Given

Investment of Rs 10400 in 6% shares=Rs 104

Investment of Rs 11440 in 10.4% shares=Rs 143

From the given above statement

We have

Income on Rs 104

= 6% n Rs 10400

= $\frac{6}{100} \times 10400$

= 6 x 104

=624

Income on Rs 104 =Rs 624

Income on Rs 143

= 10.4% n Rs 11440

$=\frac{10.4}{100} \times 11440$

= 11897.6/10

=1189.76

Income on Rs 143 =Rs 1189.76

Therefore total income = [Income on Rs 104 +Income on Rs 143]

=Rs 624 + Rs 1189.76

=Rs 1813.76

Hence a man gets a total income of Rs 1813.76