Mathematics
A man invests a certain sum of money in 6% hundred-rupee shares at ₹ 12 premium. When the shares fell to ₹ 96, he sold out all the shares bought and invested the proceed in 10%, ten-rupee shares at ₹ 8. If the change in his income is ₹ 540, find the sum invested originally.
Related Questions
Ashwarya bought 496, ₹ 100 shares at ₹ 132 each. Find :
(i) investment made by her.
(ii) income of Ashwarya from these shares, if rate of dividend is 7.5%
(iii) how much extra must Ashwarya invest in order to increase her income by ₹ 7,200?
Gopal has some ₹ 100 shares of company A, paying 10% dividend. He sells a certain number of these shares at a discount of 20% and invests the proceeds in ₹ 100 shares at ₹ 60 of company B paying 20% dividend. If his income, from the shares sold, increases by ₹ 18,000, find the number of shares sold by Gopal.
Mr. Gupta has a choice to invest in ten-rupee shares of two firms at ₹ 13 or at ₹ 16. If the first firm pays 5% dividend and the second firm pays 6% dividend per annum, find :
(i) which firm is paying better.
(ii) if Mr. Gupta invests equally in both the firms and difference between the returns from them is ₹ 30, find how much, in all, does he invest?
A man invested ₹ 45,000 in 15% ₹ 100 shares quoted at ₹ 125. When the M.V. of these shares rose to ₹ 140, he sold some shares, just enough to raise ₹ 8,400. Calculate :
(i) the number of shares he still holds;
(ii) the dividend due to him on these remaining shares.