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Which is better investment? 7% of Rs 100 shares at Rs 120 (or) 8% of Rs 100 shares at Rs 135. |
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Answer» Let the investment in each case be Rs (120 x 135) Case (i): Income from 7% of Rs 100 shares at Rs 120 = \(\frac{7}{120}\) x 120 x 135 = 7 x 135 = Rs 945 Case (ii): Income from 8% of Rs 100 shares at Rs 135 = \(\frac{8}{135}\) x (120 x 135) = 8 x 120 = Rs 960 ∴ 8% of 100 shares at Rs 135 is better investment. |
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