Rahul bought 500 ten rupee shares paying 4% per annum. He sold them when the price rose to Rs 12 and invested the proceeds in 10Rs rupee shares at Rs 15 per share paying 4 ½ % per annum. Find the annual change in his income.

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Solution

The correct option is A
20

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Rahul bought 500 ten rupee shares paying 4% per annum. He sold them when the price rose to Rs 12 and invested the proceeds in 10Rs rupee shares at Rs 15 per share paying 4 ½ % per annum. Find the annual change in his income.

The correct option is A 20

The correct option is A
20