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Question

Viv invests Rs.4,500 in 8% Rs.10 shares at Rs.15. He sells the shares when the price rises to Rs.30 & invests the proceeds in 12 % Rs.100 shares at Rs.125.

Calculate the change in his annual income


A

Increase of Rs.614

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B

Increase of Rs.624

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C

Increase of Rs.634

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D

Increase of Rs.644

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E

Increase of Rs.654

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Solution

The correct option is B

Increase of Rs.624



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