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Vivek invests Rs 4,500 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 from dividend. |
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Answer» Vivek invests Rs 4,500 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 from dividend. |
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