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Mr. Ram Gopal invested Rs 8,000 in 7% Rs 100 shares at Rs 80. After a year, he sold these shares at Rs 75 each and invested the proceeds (including his dividend) in 18%, Rs 25 shares at Rs 41. Find: (i) his dividend for the first year. (ii) his annual income in the second year. (iii) the percentage increase in his return on his original investment. [4 MARKS] |
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Answer» Mr. Ram Gopal invested Rs 8,000 in 7% Rs 100 shares at Rs 80. After a year, he sold these shares at Rs 75 each and invested the proceeds (including his dividend) in 18%, Rs 25 shares at Rs 41. Find: (i) his dividend for the first year. (ii) his annual income in the second year. (iii) the percentage increase in his return on his original investment. [4 MARKS] |
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