Shares and Dividends:- (Mathematics)
Mr. Ram Gopal invested ₹8000 in 7% (₹100) shares at ₹80. After a year he sold these shares at ₹75 each and invested the proceeds (including his dividend) in 18% (₹25) shares at ₹41. Find:
(i)His dividend for the first year
(ii)His annual income in the second year
(iii)The percentage increase in his return on his original investment.
Mr. Ram Gopal invested ₹8000 in 7% (₹100) shares at ₹80. After a year he sold these shares at ₹75 each and invested the proceeds (including his dividend) in 18% (₹25) shares at ₹41. Find:
(i)His dividend for the first year
(ii)His annual income in the second year
(iii)The percentage increase in his return on his original investment.
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