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Arun invested Rs 9000 in 6% Rs 100 shares at Rs 90. After a year he sold these shares at Rs 85 each and invested the proceeds (including his dividend) in 18% Rs 20 shares at Rs 50. Find: (i) His dividend for the first year; (ii) His annual income in the second year; (iii) The percentage increase in his return on his original investment. (i) Rs 600 (ii) Rs 655.20 (iii) 0.61% |
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Answer» Arun invested Rs 9000 in 6% Rs 100 shares at Rs 90. After a year he sold these shares at Rs 85 each and invested the proceeds (including his dividend) in 18% Rs 20 shares at Rs 50. Find: (i) His dividend for the first year; (ii) His annual income in the second year; (iii) The percentage increase in his return on his original investment. (i) Rs 600 (ii) Rs 655.20 (iii) 0.61% |
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