Question

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 1

Given that,

Income on $Rs.104=6$% of $Rs.10400=\frac{6}{100}\times 10400$

Income on $re.1=\frac{6\times 10400}{100\times 104}=Rs.6$

Income on $Rs.143=10.4$% of $Rs.11440=\frac{104}{10}\times 100\times 11440$

$=\frac{104\times 1144}{100}$

Income on $re1=\frac{104\times 1144}{100\times 143}$

$=\frac{8\times 104}{100}$

$=\frac{832}{100}$

$=8.32$

Then,

We get total income earned by man $=Rs.6+Rs.8.32$

$=Rs.14.32$5