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Question
Pushpmala has invested ₹ 24,000 and purchased shares of FV ₹ 20 at a premium of ₹ 4. Complete the following activity to find the number of shares she purchased.
Activity:
FV = ₹ 20
Premium = ₹ 4
MV = FV + `square`
= 20 + `square`
= ₹ 24
Number of shares = `"Total investment"/"MV"`
= `(24,000)/square`
= `square` shares
Activity
Sum
Solution
FV = ₹ 20
Premium = ₹ 4
MV = FV + \[\boxed{\ce{Premium}}\]
= 20 + \[\boxed{4}\]
= ₹ 24
Number of shares = `"Total investment"/"MV"`
= \[\frac{24,000}{\boxed{24}}\]
= \[\boxed{1,000}\] shares
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