1.

Mr Tiwari invested Rs 29,040 in 15% Rs 100 shares quoted at a premium of 20%. Calculate : (i) the number of shares bought by Mr Tiwari (ii) Mr Tiwari's income from the investment (iii) the percentage return on his investment [3 MARKS]

Answer» Mr Tiwari invested Rs 29,040 in 15% Rs 100 shares quoted at a premium of 20%. Calculate :
(i) the number of shares bought by Mr Tiwari
(ii) Mr Tiwari's income from the investment
(iii) the percentage return on his investment
[3 MARKS]


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