Question

By selling some 2.5% 100 shares at 92 and investing the proceeds in 5 % * 100
shares at 115, a person increased his annual income by 90. Find:
(i) the number of new shares purchased
(ii) the new annual income
(iii) the rate per cent which he earns on his investment.​

Answer 1

1. 48 shares
2. ₹240
3. 23%

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