Question

Ashwarya bought 496 ,rs.100 shares at rs.132 each.Find :
i) investment made by her
ii) income of ashwarya from these shares if the rate of dividend is 7.5%
iii) how much extra must ashwarya invest in order to increase her income by rs 7200?

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Answer 1

Explanation:

Hiiii!!

Solution -

Given ,

i) The nominal value of each share = Rs 100

Market price of each share = Rs 132

Numbers of share bought = 496

So, the investment made by her = 496 x Rs 132

= Rs 65, 472

ii) Dividend on 1 share = 7.5% of Rs 100 = Rs 7.5

Thus, the income of Ashwarya from these shares = 496 x 7.5 = Rs 3, 720

iii) If she wants to increase her income by Rs 7200

Then the number of shares she should buy =

increase in the income

income of one share

= 7,200

7.5

= 960

Therefore she should invest an extra of =

960 x Rs 132 = Rs

1,26,720

Hope it helps!!!!!

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Answer 2

Here is your answer........