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in Mathematics by (48.7k points)
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Amit Kumar invests Rs. 36,000 in buying Rs. 100 shares at Rs. 20 premium. The dividend is 15% per annum. Find: 

(i) The number of shares he buys 

(ii) His yearly dividend 

(iii) The percentage return on his investment. 

Give your answer correct to the nearest whole number.

1 Answer

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by (49.9k points)
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Best answer

MV of 1 share = Rs (100 + 20) = Rs 120

Given : dividend = 15 %, investment = 36000

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