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A man invests Rs. 3200 in shares of a company which is paying 5% dividend. If Rs.200 shares are available at a discount of 20%. Find: [3](i) Number of shares he purchases.(ii) His annual income. |
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Answer» Answer: investment=3200 d%=5% NV=200 discount=20% ans MV=200*(1-20/100) MV=160 i) N= investment/MV n=3200/160 n=20 ii) D or ANNUAL income = d%/100 * NV *n D= 200 |
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