An investment of Rs 13500 was made in Rs 100 shares selling at Rs 90 the dividend being 6% An equal amount was again invested in Rs 50 shares selling at Rs 67.50 If the income received in both the cases are same ,find the rate of dividend for Rs 50 shares
Answers
Answer:
Step-by-step explanation:
Investment=₹13,500
F.V.=₹100
M.V.=₹90
Rate of dividend=6%
No. of shares=Investment/M.V.
=13,500/90
=150
Annual income=No. of shares×rate of dividend×F.V. of one share
=150×6/100×100
=₹900
F.V.=₹50
M.V.=₹67.50
No. of shares=Investment/M.V.
=13500/67.50
=200
Annual income=No. of shares×rate of dividend×F.V. of one share
900=200×r/100×50
r%=900×100/200×50
=9% (Ans.)
Answer:
Step-by-step explanation:
Investment=₹13,500
F.V.=₹100
M.V.=₹90
Rate of dividend=6%
No. of shares=Investment/M.V.
=13,500/90
=150
Annual income=No. of shares×rate of dividend×F.V. of one share
=150×6/100×100
=₹900
N.V.=₹50
M.V.=₹67.50
No. of shares=Investment/M.V.
=13500/67.50
=200
Annual income=No. of shares×rate of dividend×F.V. of one share
900=200×r/100×50
r%=900×100/200×50= 9%