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ICSE Class 10 Answered

Arnav sells 60,twenty-rupees shares of a company paying 12% p.a. at twenty-seven rupees each and invests the proceeds in 9%,50 rupees shares selling at 45 rupees. Find the change in his  income 
Asked by www.sandeeppatil1010 | 29 Sep, 2018, 12:49: PM
answered-by-expert Expert Answer
old share
n = 60
FV = 20
MV = 27
D = 12%
total divident = 12%of 20×60=144rs
 
Total proceeds = 27×60= 1620 rs
New share 
n =1620/45=36
FV = 50
MV = 45
D = 9%
total divident = 9%of 50×36=162rs
change = 162 - 144 =18Rs.
Answered by Arun | 01 Oct, 2018, 11:38: AM

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