Question

Smita has invested ₹12,000 and purchased shares of FV ₹10 at a premium of ₹2. Find the number of shares she purchased. Complete the given activity to get the answer.

Solution:

FV = ₹10, Premium = ₹2

∴ MV = FV + `square` = 10 + `square` = `square`

∴ Number of shares = `"Total investment"/"MV" = 12000/square`

= `square` shares

Ans.: Smita has purchased = `square` shares

Answer 1

FV = ₹10, Premium = ₹2

∴ MV = FV + \[\boxed{\text{Premium}}\] = 10 + \[\boxed{2}\] = \[\boxed{12}\]

∴ Number of shares = `"Total investment"/"MV"` = \[\frac{12000}{\boxed{12}}\]

= \[\boxed{100}\] shares

Ans.: Smita has purchased = \[\boxed{1000}\] shares.