Question

Shiva invested Rs. 13,568/ in 7%
shares at Rs 106/-Find no. of shares
896
128
ОООО
106
156​

Answer 1

Given:

shiva invested Rs. 13,568 in 7% shares at Rs. 106.

To find: number of shares held by him?

explanation:

by question,

                     Amount of investment by ravi = $48,000$

                                   Rate of dividend        = $7$

                        The market value of shares = 106

now, using the formula to find the number of shares,

                     Number of shares = Amount invested ÷ market value

                                                    = $4800$ ÷ $106$

                                                    = $45.28$

Hence the number of shares invested by the ravi is $45.28$

Answer 2

No. of shares is 128 , Shiva invested Rs. 13,568/ in 7% shares at Rs 106/

Given:

• Invested  Rs 13,568 in shares at Rs 106

To Find:

• Number of Shares

Solution:

Step 1:

Amount invested = Number of shares x Share Market Price

Step 2:

Substitute the given values

13568 = Number of shares x 106

=> Number of Shares = 13568/106

=> Number of Shares = 6784/53

                    128

          53  )  6784   (

                   53

               ______

                   148

                    106

                 ______

                      424

                      424

                     _____

                         0

Hence, No. of shares is 128