A person deposited 13200 rs in a bank which he stock 14% he withdraw the money and invest rs 1000 stock at rs 110 which pays a divident of 15% how much does he gain or loss ?
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A person had deposited Rs.13200 in a bank which pays 14% interest.
He withdraws the money and invests in Rs.100 stock at Rs.110 which pays a dividend of 15%.
The net loss is 48.
According to question, Interest earned on Rs.13200 @ 14% = Rs.1848
Therefore, Number of shares purchased = 13200/110=120
Dividend earned by him on 120 shares Rs.15 per share = Rs.1800
Therefore, Net loss = Rs.48
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