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Solution for A Man Invests Rs 3,072 in a Company Paying 5% per Annum When Its Rs 10 Shares Can Be Bought for Rs 16 Each. Find : (1) His Annual Income (2) His Percentage Income on His Investment. - ICSE Class 10 - Mathematics

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Question

A man invests Rs 3,072 in a company paying 5% per annum when its Rs 10 shares can be bought for Rs 16 each. Find :

(1) his annual income

(2) his percentage income on his investment.

Solution

Market value of 1 share = Rs 16

A nominal value of 1share = Rs 10

Money invested = Rs 3,072

∴ No. of shares purchased = `3072/16 = 192`

Nominal value of 192 Shares = `10 xx 192 = Rs 1920`

Annual income = 5% of Rs 1920

`= 5/100 xx 1920`

= Rs 96

Income% = 96/3072 xx100% = `3.125% = 3 1/8 %`

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Solution for question: A Man Invests Rs 3,072 in a Company Paying 5% per Annum When Its Rs 10 Shares Can Be Bought for Rs 16 Each. Find : (1) His Annual Income (2) His Percentage Income on His Investment. concept: Shares and Dividends. For the course ICSE
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