Mathematics
A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold shares when their price rose to ₹ 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at ₹ 3.50 per share. Find annual change in his income.
Related Questions
Which is better investment : 16% of ₹ 100 shares at 80 or 20% ₹ 100 shares at 120?
A man has a choice to invest in hundred-rupee shares of two firms at ₹ 120 or at ₹ 132. The first firm pays a dividend of 5% per annum and the second firm pays a dividend of 6% per annum. Find :
(i) which company is giving a better return.
(ii) if a man invests ₹26,400 with each firm, how much will be the difference between the annual returns from the two firms ?
A man sold 400 (₹ 20) shares of a company, paying 5% at ₹ 18 and invested the proceeds in (₹ 10) shares of another company paying 7% at ₹ 12. How many (₹ 10) shares did he buy and what was the change in his income ?
Two brothers A and B invest ₹ 16,000 each in buying shares of two companies. A buys 3% hundred rupee shares at 80 and B buys ten-rupee shares at par. If they both receive equal dividend at the end of the year, find the rate percent of the dividend received by B.