Mathematics
Amit invested a certain sum of money in ₹ 100 shares, paying a 7.5% dividend. The rate of return on his investment is 10%. The money invested by Amit to purchase 10 shares is :
₹ 250
₹ 750
₹ 900
₹ 1100
Shares & Dividends
80 Likes
Answer
Let ₹ P be the price per share.
Amit brought 10 shares, so total investment = ₹ 10P
Dividend = 7.5%
Dividend per share = = ₹ 7.5
Total dividend = ₹ 7.5 × 10 = ₹ 75.
Rate of return = 10%
By formula,
Rate of return × Investment = Dividend
Total investment = 10P = 10 × ₹75 = ₹750.
Hence, Option 2 is the correct option.
Answered By
16 Likes
Related Questions
Anwesha intended to open a Recurring Deposit account of ₹ 1000 per month for 1 year in a Bank, paying a 5% per annum rate of simple interest. The bank reduced the rate to 4% per annum. How much must Anwesha deposit monthly for 1 year so that her interest remains the same?
₹ 12325
₹ 1250
₹ 1200
₹ 1000
Mr. Das invests in ₹ 100, 12% shares of Company A available at ₹ 60 each. Mr. Singh invests in ₹ 50, 16% shares of Company B available at ₹ 40 each. Use this information to state which of the following statements is true.
The rate of return for Mr. Das is 12%
The rate of return for Mr. Singh is 10%
Both Mr. Das and Mr. Singh have the same rate of return of 10%
Both Mr. Das and Mr. Singh have the same rate of return of 20%
If -3 ≤ -4x + 5 and x ∈ W, then the solution set is :
{…….-3, -2, -1, 0, 1, 2, 3, …….}
{1, 2}
{0, 1, 2}
{2, 3, 4, 5}
If -4x > 8y; then
x > 2y
x > -2y
x < -2y
x < 2y