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ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends
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A man invests Rs. 10400 in 6% shares at Rs. 104 and Rs. 11440 in 10.4% shares at Rs. 143. How much income would he get in all ?
Answer:
Given In first case; Total investment = Rs. 10400
Rate of dividend = 6%
Market value of each share = Rs. 104
Total dividend = (10400 x 6)/ 104 = Rs 600
In second case, investment = Rs 11440
Rate of dividend = 10.4%
Market value of each share = Rs 143
Therefore, total dividend = (11440 x 10.4)/ 143 = Rs 832
Total dividend from both cases = Rs. 600 + Rs. 832 = Rs. 1432
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