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If the dividend received from 9% of ₹ 20 shares is ₹ 1,620, then find the number of shares. - Business Mathematics and Statistics

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प्रश्न

If the dividend received from 9% of ₹ 20 shares is ₹ 1,620, then find the number of shares.

योग

उत्तर

Income = Number of shares × Face value of a share × Rate of dividend

1620 = Number of shares × 20 × `9/100`

Number of shares = `(1620 xx 100)/(20 xx 9)` = 900 shares

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अध्याय 7: Financial Mathematics - Exercise 7.2 [पृष्ठ १७१]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 11 TN Board
अध्याय 7 Financial Mathematics
Exercise 7.2 | Q 3 | पृष्ठ १७१

संबंधित प्रश्न

Find the market value of 62 shares available at ₹ 132 having the par value of ₹ 100.


Mohan invested ₹ 29,040 in 15% of ₹ 100 shares of a company quoted at a premium of 20%. Calculate

  1. the number of shares bought by Mohan
  2. his annual income from shares
  3. the percentage return on his investment

A man buys 400 of ₹ 10 shares at a premium of ₹ 2.50 on each share. If the rate of dividend is 12%, then find

  1. his investment
  2. annual dividend received by him
  3. rate of interest received by him on his money

Sundar bought ₹ 4,500, 12% of ₹ 10 shares at par. He sold them when the price rose to ₹ 23 and invested the proceeds in ₹ 25 shares paying 10% per annum at ₹ 18. Find the change in his income.


Babu sold some ₹ 100 shares at 10% discount and invested his sales proceeds in 15% of ₹ 50 shares at ₹ 33. Had he sold his shares at 10% premium instead of 10% discount, he would have earned ₹ 450 more. Find the number of shares sold by him.


The dividend received on 200 shares of face value ₹ 100 at 8% is __________.


Purchasing price of one share of face value ₹ 100 available at a discount of `9 1/2%` with brokerage `1/2%` is ____________.


A person brought 100 shares of 9% stock of face value ₹ 100 at a discount of 10%, then the stock purchased is ____________.


Vijay wants to invest ₹ 27,000 in buying shares. The shares of the following companies are available to him. ₹ 100 shares of company A at par value; ₹ 100 shares of company B at a premium of ₹ 25; ₹ 100 shares of company C at a discount of ₹ 10; ₹ 50 shares of company D at a premium of 20%. Find how many shares will he get if he buys shares of

  1. Company A
  2. Company B
  3. Company C
  4. Company D

A man sells 2000 ordinary shares (par value ₹ 10) of a tea company which pays a dividend of 25% at ₹ 33 per share. He invests the proceeds in cotton textiles (par value ₹ 25) ordinary shares at ₹ 44 per share which pays a dividend of 15%. Find

  1. the number of cotton textiles shares purchased and
  2. change in his dividend income.

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