Question

Ema bought 360, ₹10 shares paying 12% per annum. She sold them when the price rose to ₹21. She invested the proceeds in ₹5 shares paying 4.5% per annum at ₹3.50 per share. Find the change in her annual income.

Answer 1

Answer:

A man bought 360 ten rupee shares paying 12 per annum

A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold the shares when their price rose to Rs. 21 per share and invested the proceeds in five-rupee shares paying 45 per cent per annum at Rs. 3.50 per share.