Mathematics
Amit Kumar invests ₹ 36,000 in buying ₹ 100 shares at ₹ 20 premium. The dividend is 15% per annum. Find :
(i) the number of shares he buys;
(ii) his yearly dividend;
(iii) the percentage return on his investment.
Give your answer correct to the nearest whole number.
Related Questions
Find the market price of 12%, ₹ 25 shares of a company which pays a dividend of ₹ 1,875 on an investment of ₹ 20,000.
Mr. Ram Gopal invested ₹ 8,000 in 7%, ₹ 100 shares at ₹ 80. After a year, he sold these shares at ₹ 75 each and invested the proceeds (including his dividend) in 18%, ₹ 25 shares at ₹ 41. Find :
(i) his dividend for the first year;
(ii) his annual income in the second year;
(iii) the percentage increase in his return on his original investment.
Ajay owns 560 shares of a company. The face value of each share is ₹ 25. The company declares a dividend of 9%. Calculate :
(i) The dividend that Ajay will get;
(ii) The rate of interest on his investment, if Ajay had paid ₹ 30 for each share.
Mohan Lal invested ₹ 29,040 in 15%, ₹ 100 shares of a company quoted at a premium of 20%. Calculate :
(i) the number of shares bought by Mohan Lal;
(ii) his annual income from shares;
(iii) the percentage return on his investment.