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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. - Algebra

Sum

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 +   = + 2 = 12
`therefore  "No. of .shares" ="total investment"/"MV" = square/12 = square "shares"`

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Solution

MV = FV + Premium
= 10 + 2 = 12
`"Number of shares" = "Total investment"/(MV)`
= 12000/12` 
= 1000 shares

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