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Question
A man invests Rs. 10400 in 6% shares at Rs. 104 and Rs. 11440 in 10.4% shares at Rs. 143. How much income would he get in all?
Solution
In first case; Total investment = Rs. 10400
Rate of dividend = 6%
Market value of each share = Rs. 104
∴ Total dividend = `(10400 xx 6)/(104)`
= Rs. 600
In second case, Investment = Rs. 11440
Rate of dividend = 10.4%
Market value of each share = Rs. 143
∴ Total dividend = Rs. `(11440 xx 10.4)/(143)`
= Rs. 832
Total dividend from both cases = Rs. 600 + Rs. 832
= Rs. 1432
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