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Vivek invests Rs 4500 in 8%, Rs 10 shares at Rs 15. He sells the shares when the price rises to Rs 30, and invests the proceeds in 12% Rs 100 shares at Rs 125. Calculate : (i) The sale proceeds (ii) The number of Rs 125 shares he buys (iii) The change in his annual income form dividend [4 MARKS] |
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Answer» Vivek invests Rs 4500 in 8%, Rs 10 shares at Rs 15. He sells the shares when the price rises to Rs 30, and invests the proceeds in 12% Rs 100 shares at Rs 125. Calculate : (i) The sale proceeds (ii) The number of Rs 125 shares he buys (iii) The change in his annual income form dividend [4 MARKS] |
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