Jane sells her Rs 12500, 4.5% stock at 94. How much of 9% stock at 125

1.	Jane sells her Rs 12500, 4.5% stock at 94. How much of 9% stock at 125 can Jane purchase from the sale proceeds of the former stock. What is the change in Jane’s income.
Answer» Amount obtained by selling 1,25,000 stock at 94 is \(\frac{12,500\times94}{100}\)= Rs 11.750 100 Jane 13 income from 4.5% stock is = \(\frac{45}{100}\)× 12,500 =562.5 11,750 x 100 9% stock purchased at 125 is = \(\frac{11,750\times100}{125}\)= 9,400 Income from 9% stock is , \(\frac{9}{100}\)× 9400 = 846 Change in income = 846 – 562.5 = Rs 283.5

Jane sells her Rs 12500, 4.5% stock at 94. How much of 9% stock at 125 can Jane purchase from the sale proceeds of the former stock. What is the change in Jane’s income.

Answer»

Amount obtained by selling 1,25,000 stock at 94 is \(\frac{12,500\times94}{100}\)= Rs 11.750

100 Jane 13 income from 4.5% stock is

= \(\frac{45}{100}\)× 12,500 =562.5

11,750 x 100

9% stock purchased at 125 is = \(\frac{11,750\times100}{125}\)= 9,400

Income from 9% stock is , \(\frac{9}{100}\)× 9400 = 846

Change in income = 846 – 562.5 = Rs 283.5