Question

Ashish bought 4500, 210 shares paying 12% per annum. He sold them when the price rose te
23 and invested the proceeds in 25 shares paying 10% per annum, at 18. Find the chang
in his annual income.

Answer 1

Answer:

Step-by-step explanation:

Total number of share = 450.

Value of one share Rs. 10.

Dividend = 2% per annum.

The total value of 10 shares = Rs 4500.

Therefore, dividend is 2% of Rs. 4500, i.e., 2/100 * 4500 = Rs. 90.

Hence, total money = 4500+90 = Rs. 4590.

Therefore, new share amount = 23 *450 = Rs. 10350.

Therefore, 10350/25 = Rs. 414.

Hence, 450-414 = Rs. 36.

Since there are 10 shares, hence the change in income is 10 X 36 = Rs. 360

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