Kumar invests Rs.36,000 in buying Rs.100 shares at Rs.20 premium. The dividend is 15% per annum.
Find
Rs. 4000, 10.5%
Rs. 4000, 12.5%
Rs. 4000, 14.5%
Rs. 4500, 10.5%
Rs. 4500, 12.5%
A man invests Rs. 20,020 in buying shares of nominal value Rs.26 at 10% premium. The dividend on the shares is 15% per annum. Calculate