Advertisement Remove all ads

# Krithika Wants to Invest Rs 10,000 in Shares of Different Companies Such that the Percentage Return on Her Investment is 8%. - Mathematics

Sum

Krithika wants to invest Rs 10,000 in shares of different companies such that the percentage return on her investment is 8%. She invested Rs 4,500 in 6% Rs 100 shares at Rs 75, Rs 2,500 in 8% Rs 100 shares at par and the rest in 16% Rs 100 shares. Find the rate at which she bought the 16% shares.

Advertisement Remove all ads

#### Solution

Money invested =Rs 10,000

For 6 %  shares:

Market value = Rs 75

Amount invested =Rs 4,500

Income from investment= Rs 6/75 xx 4500 = Rs 360

For 8 %  shares:

Market Value = Rs 100

Amount invested = Rs 2,500

Income from investment = Rs 8/100 xx 2500= Rs 200

For 16 % shares:

Market value = Rs x

Amount invested =Rs ( 10,000-4,500-2,500) =Rs 3,000

Income from investment = Rs 16/x xx 3000 = Rs 48000/x

Total investment from shares = Rs360 + Rs200 +Rs 48000/x

Krithika wants 8 % return on his investment

8/100 xx  "Rs"  10000 = Rs 800

Therefore,

Rs 800 = Rs 360 + Rs 200 + Rs 48000/x

Rs 240x = Rs 48, 000

x = Rs200

Hence, Krithika bought 16 %  shares at Rs 200 per share.

Concept: Shares and Dividends Examples
Is there an error in this question or solution?
Advertisement Remove all ads

#### APPEARS IN

Frank ICSE Class 10 Mathematics Part 2
Chapter 4 Shares and Dividends
Exercise 4.3 | Q 4 | Page 66
Advertisement Remove all ads

#### Video TutorialsVIEW ALL 

Advertisement Remove all ads
Share
Notifications

View all notifications

Forgot password?
Course