1.

A man invests Rs 1,680 in buying shares of nominal value Rs 24 and selling at 12% premium. The devidend on the shares is 15% per annum. Calculate : (i) the number of shares he buys; (ii) the dividend he receives annually.

Answer»

A man invests Rs 1,680 in buying shares of nominal value Rs 24 and selling at 12% premium. The devidend on the shares is 15% per annum. Calculate :

(i) the number of shares he buys;

(ii) the dividend he receives annually.



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