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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. [4 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. [4 MARKS] |
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