1.

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]

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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