Question

Smita has invested Rs. 12,000 to purchase shares of FV Rs. 10 at a premium of Rs. 2. Find the number of shares she purchased. Complete the given activity to get the answer.

Activity:

FV = Rs. 10, Premium = Rs. 2

∴ MV = FV + `square` 

= `square` + 2

= 12

∴ No. of shares = `"Total investment"/"MV"`

= `square/12`

= `square` shares

Answer 1

FV = Rs. 10, Premium = Rs. 2

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

= \[\boxed{10}\] + 2

= 12

∴ No. of shares = `"Total investment"/"MV"`

= \[\boxed{12000}\]/12`

= \[\boxed{1000}\] shares