1.

a man bought 360 10 rupees shares paying 12% per annum. he sold them then the price was to Rupees 21 and invested the proceeds in 5 rupees shares paying 9/2 %per annum @ rupees 3.5 per share .find the annual change in his income

Answer»

No of SHARES at 10 RUPEES
3600+12%3600=4032
21×360=7560
BOUGHT new share =7560/3.5=2160 shares
worth of 10800 rupees
486 per annum
=126 difference



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