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Rakesh invested Rs 43,920 to buy shares of a company whose market value is Rs 122 each. The face value of a share is Rs 100. (i) Find the number of shares purchased. (ii) Also, find his yearly dividend, if the dividend is 10% per annum. [4 MARKS] |
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Answer» Rakesh invested Rs 43,920 to buy shares of a company whose market value is Rs 122 each. The face value of a share is Rs 100. (i) Find the number of shares purchased. (ii) Also, find his yearly dividend, if the dividend is 10% per annum. [4 MARKS] |
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