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                                    Mrs. Sharma buys 85 shares (par value Rs. 100) at Rs. 150 each.(i) If the dividend is 6.5%, what will be her annual income?(ii) If she wants to increase her income by Rs. 260; how much more should she invest? | 
                            
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Answer»  Par value of 85 shares = Rs. 100 × 85 = Rs. 8,500 Market value of 85 shares = Rs. 150 × 85 = Rs. 12,750 (i) Dividend% = 6.5% Dividend = 6.5% of Rs. 8,500 = (6.5/100) × 8,500 = Rs. 552.50 Ans (ii) Required income = Rs. 552.50 + Rs. 260 = Rs. 812.50 If income is Rs. 552.50,then investment is Rs. 12,750 If income is Rs. 812.50, then investment is = (12,750/552.50) ×812.50 = Rs. 18,750 More investment required = Rs. 18,750 – Rs. 12,750 = Rs. 6,000 Ans  | 
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