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A person invested 20%, 30% and 25% of his savings in buying shares of three different companies X, Y and Z which declared dividends of 10%, 12% and 15% respectively. If the total income on account of dividends be Rs 2,337.50, find his savings and the amount which he invested in buying shares of each company. [4 MARKS]

Answer» A person invested 20%, 30% and 25% of his savings in buying shares of three different companies X, Y and Z which declared dividends of 10%, 12% and 15% respectively. If the total income on account of dividends be Rs 2,337.50, find his savings and the amount which he invested in buying shares of each company.
[4 MARKS]


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