Question

Mr. Ram gopal invested rs 8,000 in 7% rs 100 shares at rs 80. After a year he sold these shares at rs 75 each and invested the proceeds (including his dividend) in 18% , rs 25 shares at rs 41 . Find: (i) his dividend for the first year (ii) his annual income in the second year (iii)the percentage increase in his return on his original investment.

Answer 1

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