a very important question from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends
we have been given that A man invests Rs. 10400 in 6% shares at Rs. 104 and Rs. 11440 in 10.4% shares at Rs. 143.
so how can we get How much income he would get in all ?
please explain
Q no. 21, exercise 3, ML Publication, share and dividends
Given In first case;
Total investment = Rs. 10400
Rate of dividend = 6%
Market value of each share = Rs. 104
Total dividend = (10400 x 6)/ 104 = Rs 600
In second case, investment = Rs 11440
Rate of dividend = 10.4% Market value of each share = Rs 143
Therefore, total dividend = (11440 x 10.4)/ 143 = Rs 832
Total dividend from both cases = Rs. 600 + Rs. 832 = Rs. 1432