Question

Pushpmala has invested Rs. 24000 and purchased shares FV Rs. 20 at a premium of Rs. 4. Find the number of shares she purchased. Complete the given activity.

Solution:

FV = Rs. 20, Premium = Rs. 4

MV = FV + `square`

= `square` + `square`

= `square`

Number of share = `"Total investment"/"M.V."`

= `24000/square`

= `square` shares

Answer 1

FV = Rs. 20, Premium = Rs. 4

MV = FV + \[\boxed{\text{Premium}}\]

= \[\boxed{20}\] + \[\boxed{4}\]

= \[\boxed{24}\]

Number of share = `"Total investment"/"M.V."`

= \[\frac{24000}{\boxed{24}}\]

= \[\boxed{1000}\] shares