Smt Gupta purchased the following shares. Find her total investment. Company A:210 shares, FV RS 100, at discount rs 3.Company B:3500 shares, FV RS 10,MV RS 18.50.what amount did she receive on total investment , if the rate of return is 9%?
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Total amount she receive on total investment , at 9% rate of return = Rs 60353.30
Step-by-step explanation:
Smt Gupta purchased 210 shares, FV RS 100, at discount rs 3
it means she purchased share @ 97 rs
Investment in company A = 210 * 97
= Rs 20370/-
Investment in company B 3500 shares @ RS 10 = 35000 Rs
Total investment in company A and B = 20370 + 35000
= Rs 55370/-
rate of return is 9% of 55370 = 9 * 55370/100
= Rs 4983.30/-
total amount she received = 55370+4983.30
= Rs 60353.30
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