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 ? |
₹1145 ₹1280 ₹1332 ₹1432 |
₹1432 |
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 $=₹600+₹832$ $=₹1432$ |