Mr. Devendra invested ₹ 8,000 in 7% hundred rupee share at ₹ 80. After a year he sold these share at ₹ 75 each and invested in 18% twenty five-rupee shares at ₹ 41 each. Then his annual income from the second investement is:-
Mr. Devendra invested ₹ 8,000 in 7% hundred rupee share at ₹ 80. After a year he sold these share at ₹ 75 each and invested in 18% twenty five-rupee shares at ₹ 41 each. Then his annual income from the second investement is:-
Solution
✅ Correct Option: 3
He buys shares and earns a dividend of , then sells them for . The proceeds of buy shares whose dividend is of , that is each, giving .
Note: The question does not state that the first year's dividend is reinvested; we have included it, as only that reading produces a listed figure.
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