the viuen he receives anually.20. Aman wants to buy 62 shares availabl

1.	the viuen he receives anually.20. Aman wants to buy 62 shares available at * 132(par value being * 100).(1) How much he will have to invest.(ii) If the dividend is 7.5%, what will be his annualincome?(iii) If he wants to increase his annual income by* 150, how many extra shares should be buy?(ICSE 2002)
Answer» 1. He will have to invest= 62× Rs 132= Rs 8184 2. Dividend on 1 share= 7.5% of Rs 100=Rs 7.50 Therefore, his annual income = 62× Rs 7.50= Rs 465

the viuen he receives anually.20. Aman wants to buy 62 shares available at * 132(par value being * 100).(1) How much he will have to invest.(ii) If the dividend is 7.5%, what will be his annualincome?(iii) If he wants to increase his annual income by* 150, how many extra shares should be buy?(ICSE 2002)

Answer»

1. He will have to invest= 62× Rs 132= Rs 8184

2. Dividend on 1 share= 7.5% of Rs 100=Rs 7.50

Therefore, his annual income = 62× Rs 7.50= Rs 465