Mathematics
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?
Shares & Dividends
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Answer
(i) M.V. = ₹ 132
Investment = 496 × ₹ 132 = ₹ 65,472
Hence, investment made by Ashwarya = ₹ 65,472.
(ii) Dividend = No. of shares × Rate of div. × N.V. of 1 share
= 496 ×
= ₹ 3,720.
Hence, income of Ashwarya = ₹ 3,720.
(iii) Dividend on 1 share = 1 × = 7.5
No. of shares to buy in order to increase income by 7200 =
Investment = 960 × 132 = ₹ 1,26,720.
Hence, investment required = ₹ 1,26,720.
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