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Ml aggarwal solutions

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A man invests Rs. 8000 in a company paying 8% dividend when a share of face value of Rs. 100 is selling at Rs. 60 premium,

(i) What is his annual income,

(ii) What percent does he get on his money ?

Given Investment = Rs. 8000

Face value of each share = Rs. 100

Market value = Rs. 100 + Rs. 60 = Rs. 160

Rate of dividend = 8% p.a.

(i) Annual income = (8 x 8000)/160 = Rs 400

(ii) Rate of interest on his money = (400 x 100)/ 8000 = 5%

A man invests Rs. 8000 in a company paying 8% dividend when a share of face value of Rs. 100 is selling at Rs. 60 premium,

(i) What is his annual income,

(ii) What percent does he get on his money ?

Given Investment = Rs. 8000

Face value of each share = Rs. 100

Market value = Rs. 100 + Rs. 60 = Rs. 160

Rate of dividend = 8% p.a.

(i) Annual income = (8 x 8000)/160 = Rs 400

(ii) Rate of interest on his money = (400 x 100)/ 8000 = 5%

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