A man invests Rs 10400 in 6% shares at £104 and Rs 11440 in 10.4% shares at Rs 11440 in 10.4% shares at Rs 143. How much income would he get in all ?
Answer & explanation
Correct answer: option 4
The correct answer is option (4) :₹1432
No. of ₹104 shares $=\frac{₹10400}{₹104}$
Dividend on 1 share of $₹100= ₹6$
So dividend on 100 shares $= ₹(6×100)$
No. of ₹143 shares $=\frac{₹11440}{₹143}=80$
Dividend on 1 share $=₹10.4$
So, dividend on 80 shares $=₹(10.4×80)$ $=₹832$
∴Total income $=₹600+₹832$ $=₹1432$