Class 10 ICSE SELINA EX 3C question 11 and 12

Q 11. 

Mr.Tiwari. invested Rs29,040 in 15% Rs100 shares quoted at a premium of 20%. Calculate:

(i)the number of shares bought by Mr. Tiwari.

(ii)Mr. Tiwari's income from the investment.

(iii)the percentage return on his investment.

Q12.

A dividend of 12% was declared on Rs150 shares selling at a certain price. If the rate of return is 10%, calculate:

(i)the market value of the shares.

(ii)the amount to be invested to obtain an annual dividend of Rs1,350.