Math, asked by murali3526, 1 year ago

Find the number of shares received when Rupees 60,000 was invested in the shares of FV Rupees 100 and MV Rupees 120. Solve the word problem

Answers

Answered by amitnrw

11

Answer:

Number of shares received = 500

Step-by-step explanation:

FV = 100 Rs ( Face Value)

MV = 120 Rs (Market Value)

Investment = Rs 60000

Number of Shares Purchased = Investment / MV of Share

= 60000/120

= 500

Number of shares received = 500

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