A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold the shares when their price rose to Rs 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at Rs 3.50 per share. Find the annual change in his income.

A man bought 360, ten-rupee shares of a company, paying 12 percent per

1.	A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold the shares when their price rose to Rs 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at Rs 3.50 per share. Find the annual change in his income.
Answer» A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold the shares when their price rose to Rs 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at Rs 3.50 per share. Find the annual change in his income.

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A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold the shares when their price rose to Rs 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at Rs 3.50 per share. Find the annual change in his income.

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