1.

A man invests 20020rs in buying shares of N.V. 26rs at 10% premium. The dividend on the shares is 15% per annum. Calculate (i) the number of shares he buys (ii) the dividend he receives annually (iii) the rate of interest he gets on his money

Answer»


Answer :`(i) 700` `(ii) 2730rs` `(III) 13.(7)/(11)%=13.64%`


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