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Amit Kumar invests Rs 36,000 in buying Rs 100 shares at Rs 20 premium. The dividend is 15% per annum. Find: (i) The number of shares he buys (ii) His yearly dividend (iii) The percentage return on his investment. Give your answer correct to the nearest whole number. [3 MARKS] |
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Answer» Amit Kumar invests Rs 36,000 in buying Rs 100 shares at Rs 20 premium. The dividend is 15% per annum. Find: (i) The number of shares he buys (ii) His yearly dividend (iii) The percentage return on his investment. Give your answer correct to the nearest whole number. [3 MARKS] |
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