Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Financial Mathematics

Question:

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 ?

Options:

₹1145

₹1280

₹1332

₹1432

Correct Answer:

₹1432

Explanation:

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 $=₹600+₹832$ $=₹1432$