A man invests Rs. 5000 of his savings in 12%,Rs. 100 shares at Rs. 125, another Rs. 6000 in 15%,Rs. 100 shares at Rs. 120 and remainder in 18% ,Rs. 100 shares at Rs. 140.If his annual income is Rs. 2130,find :
1.the rate of return.
2.the investment in the third company.
Answers
Rate of return = 11.83% , the investment in the third company = 7000 Rs ,
Step-by-step explanation:
Invests Rs. 5000 of his savings in 12%,Rs. 100 shares at Rs. 125,
number of shares = 5000/125 = 40
income per share = (12/100)* 100 = 12 Rs
income = 12 * 40 = 480 Rs
Invests Rs. 6000 of his savings in 15%,Rs. 100 shares at Rs. 120,
number of shares = 6000/120 = 50
income per share = (15/100)* 100 = 15 Rs
income = 15 * 50 = 750 Rs
Invests Rs. X of his savings in 18%, Rs. 100 shares at Rs. 140,
number of shares = X/140
income per share = (18/100)* 100 = 18 Rs
income = 18 * X/140 = 9X/70 Rs
480 + 750 + 9X/20 = 2130
=> 9X/70 = 900
=> X = 7000
the investment in the third company = 7000 Rs
Total investment = 5000 + 6000 + 7000 = Rs 18000
Total income = Rs 2130
Rate of return = (2130/18000) * 100 = 11.83%
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