Alok bought shares of 6% of Rs. 100 shares at Rs. 120. Amin bought shares of 8% of Rs. 20 shares at Rs. 30. Whose investment was better ?
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Answer:
Case 1:
Income on Rs 120 = 6% of Rs 100 = Rs 6
Case 2:
Income on Rs 15 = 8% of Rs 10 = Rs
Clearly, 16 > 15
∴ The investment in the second case is better than the investment in the first case
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Step-by-step explanation:
Question :-
Alok bought shares of 6% of Rs. 100 shares at Rs. 120. Amin bought shares of 8% of Rs. 20 shares at Rs. 30. Whose investment was better ?
Solution :-
❍ The annual income from 1 shares of NV Rs. 100 is Rs. 6, investment for 1 share being Rs. 120
❍ The annual income from 1 share of NV Rs. 20 is Rs. 8 × 20/100, investment for share being Rs. 30
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