Mathematics
Rajat invested ₹ 24,000 in 7% hundred rupee shares at 20% discount. After one year, he sold these shares at ₹ 75 each and invested the proceeds (including dividend of first year) in 18% twenty five rupee shares at 64% premium. Find :
(i) his gain or loss after one year.
(ii) his annual income from the second investment.
(iii) the percentage of increase in return on his original investment.
Related Questions
Mr. Kumar has a recurring deposit account in a bank for 4 years at 10% p.a. rate of interest. If he gets ₹ 21,560 as interest at the time of maturity, find :
(i) the monthly instalment paid by Mr. Kumar.
(ii) the amount of maturity of this recurring deposit account.
The maturity value of a cumulative deposit account is ₹ 1,20,400. If each monthly installment for this account is ₹ 1,600 and the rate of interest is 10% per year, find the time for which the account was held.
A man sold some ₹ 20 shares, paying 8% dividend, at 10% discount and invested the proceeds in ₹ 10 shares, paying 12% dividend, at 50% premium. If the change in his annual income is ₹ 600, find the number of shares sold by the man.