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ICSE Class 10 Answered

Antra invests ₹40,000. She invests at ₹ 75, ₹ 14,000 in 10% ₹ 10 shares at ₹ 7 and the remainder in 8% ₹ 100 shares. If the total yeild from her investment is 14.2%, find at what price did she buy 8% shares?
Asked by Varu3 | 06 Mar, 2019, 01:02: PM
answered-by-expert Expert Answer
Check your question
 
I = 14,000
FV = 10
MV = 7
n= 14,000/7=2000 shares
D% = 10%
D=1
total D =2000 Rs
 
I =26000
FV=100
D=8%
D=8 rs
Total D =8n
 
yeild = 14.2%
14.2% of 40000 = 5680 Rs
5680 = 2000 + 8n
n=460 shares
 
MV=26000/460=56.52 shares
Answered by Arun | 06 Mar, 2019, 03:05: PM

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