A man invests Rs 3.072 in a company paying 5 % per annum, when its Rs 10 share can be bought for Rs 16 each. Find :

(i) his annual income;

(ii) his percentage income on his investment.

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Solution

Investment = Rs 3072
Dividend = 5 %
Face value = Rs 10 Market value = Rs 16

(i) Annual Income
No. of share = $\frac{3072}{16}$ = 192
Annual Income = $\frac{5}{100} \times 192 \times 10$ = Rs 96

(ii) Percentage Income = $\frac{96}{3072} \times 100$ = 3.125 %

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A man invests Rs 3.072 in a company paying 5 % per annum, when its Rs 10 share can be bought for Rs 16 each. Find : (i) his annual income; (ii) his percentage income on his investment.

Investment = Rs 3072 Dividend = 5 % Face value = Rs 10 Market value = Rs 16 (i) Annual Income No. of share = 307216 = 192 Annual Income = 5100×192×10 = Rs 96 (ii) Percentage Income = 963072×100 = 3.125 %

A man invests Rs 3.072 in a company paying 5 % per annum, when its Rs 10 share can be bought for Rs 16 each. Find :

(i) his annual income;

(ii) his percentage income on his investment.

Investment = Rs 3072
Dividend = 5 %
Face value = Rs 10 Market value = Rs 16

(i) Annual Income
No. of share = $\frac{3072}{16}$ = 192
Annual Income = $\frac{5}{100} \times 192 \times 10$ = Rs 96

(ii) Percentage Income = $\frac{96}{3072} \times 100$ = 3.125 %