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?
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The first investment of Rs.10400 at Rs. 104 = total of 100 shares
The second investment of Rs.11440 at Rs. 143 = total of 80 shares
Total Income = [(104 × 6%)×100] + [(143 × 10.4%)×100]
= 624 + 1189.76
= Rs. 1813.76
The second investment of Rs.11440 at Rs. 143 = total of 80 shares
Total Income = [(104 × 6%)×100] + [(143 × 10.4%)×100]
= 624 + 1189.76
= Rs. 1813.76
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