A man invests Rs. $7, 770$ in a company paying $5 %$ dividend when a share of nominal value of Rs. $100$ sells at a premium of Rs. $5$ . Find the number of shares of shares bought.

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Solution

The nominal value of share $R s 100$ and $R s 5$ on premium

Then cost of one share is $R s (100 + 5) = R s 105$

He invest $R s 7770$ then he get shares= $\frac{7770}{105} = 74$

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A man invests Rs. 7,770 in a company paying 5% dividend when a share of nominal value of Rs. 100 sells at a premium of Rs. 5. Find the number of shares of shares bought.

The nominal value of share Rs100 and Rs5 on premium Then cost of one share is Rs(100+5)=Rs105He invest Rs7770 then he get shares=7770105=74

A man invests Rs. $7, 770$ in a company paying $5 %$ dividend when a share of nominal value of Rs. $100$ sells at a premium of Rs. $5$ . Find the number of shares of shares bought.

The nominal value of share $R s 100$ and $R s 5$ on premium

Then cost of one share is $R s (100 + 5) = R s 105$

He invest $R s 7770$ then he get shares= $\frac{7770}{105} = 74$