# A main invest Rs. 4500 in shares of a company which is paying 7.5% dividend.  If Rs. 100 shares are available at a discount of 10%. Find : (i) Number of shares he purchaces. (ii) His annual income. - Mathematics

Sum

A main invest Rs. 4500 in shares of a company which is paying 7.5% dividend.  If Rs. 100 shares are available at a discount of 10%.
Find :
(i) Number of shares he purchaces.
(ii) His annual income.

#### Solution

Rs. 100 shares at a discount of 10%
will cost = 100 – 10
= Rs. 90

(i) ∴ Number of shares = 4500/90 = 50 shares

(ii) His annual income at 7.5% dividend

"Annual income" = ("Number Of Share" xx "Divident Percent" xx FV)/100

=(50 xx 7.5 xx 100)/100

= 50 × 7.5

Annual income = Rs 375.0

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