Question

Plz help fast tommorow I'm having g exam

Answer 1

Answer:

This question is complete but since this question is from icse i will reply..

Step-by-step explanation:

Let the number of shares be x

Annual income = 2.5/100 × x × 100 = 2.5x

SP of shares = Rs 92x

Number of new shares = 92x/115

Annula income = 5/100 x 100 x 92x/115 = 92x/23

92x/23 - 2.5x = 90

(92x - 57.5x) / 23 = 90

34.5x/23 = 90

x = 60

Hence, the number of shares sold is 60.

Number of shares purchased = (92 x 60) / 115 = 48

New income = (92 x 60) / 23 = 240

Investment = 92 x 60 = Rs 5520

Let the rate of interest be R.

(5520 x R x 1) / 100 = 240

R = 4.35 %