Class 10 ICSE SELINA EX 3C question 16 and 20

Q.16

Mr.Parekh invested Rs.52,000 on Rs.100 shares at a discount of Rs.20 paying 8% dividend. At the end of one year he sells the shares at a premium of Rs.20. Find:

(i)The annual dividend

(ii)The profit earned including his dividend.

Q.20

   How much should a man invest in Rs. 50 shares selling at Rs. 60 to obtain an income of Rs. 450, if the rate of dividend declared is 10%. Also find his yield percent, to the nearest whole number.