1.

Mr. Tiwari invested Rs 29,040 in 15% Rs 100 shares quoted at a premium of 20%. Calculate (i) the number of shares bought by Mr. Tiwari. (ii) Mr. Tiwari's income from the investment. (iii) the percentage return on his investment. [4 MARKS]

Answer» Mr. Tiwari invested Rs 29,040 in 15% Rs 100 shares quoted at a premium of 20%. Calculate
(i) the number of shares bought by Mr. Tiwari.
(ii) Mr. Tiwari's income from the investment.
(iii) the percentage return on his investment.
[4 MARKS]


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