How to solve these shares and dividends question?
A man invests Rs.10400 in 6% shares at Rs.104 and Rs.11440 in 10.4% shares at Rs.143.How much income would he get in all?
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Join our whatsApp community. Get all experts solutions for maths problems.
total investment = Rs. 10400
dividend % = 6%
market value = Rs. 104
face value = Rs. 100
number of shares = investment ⁄ market value = 10400/104 = 100
dividend = dividend %(face value)× number of shares
= Rs. 600
similarly in second case
total investment = Rs. 11440
dividend % = 10.4%
M. V. = Rs. 143
F. V. = Rs. 100
n= 11440/143= 80
dividend = 10.4/100 × 100 ×80 = Rs. 832
total dividend = Rs. (600+832)
= Rs. 1432.