Salman invests ₹48,000 in ₹100 shares of a company at ₹120 each. The company pays a dividend of 9%. (i) Find the number of shares he buys. (ii) Find his annual dividend and his rate of return. (iii) He later sells all the shares at ₹130 each and invests the whole amount in ₹50 shares at ₹65 each paying a 12% dividend. Find the change in his annual income.

Question

TextCalculation of Number of Shares PurchasedCalculation of Dividend Income from SharesCalculation of Rate of Return on Shares Investment