How much money must I invest in 20/3 % stock at 10 premium to secure an annual income of Rs.600 ?

M4maths Previous Puzzles

26 Sep 2014 Stocks and Shares

How much money must I invest in 20/3 % stock at 10 premium to secure an annual income of Rs.600 ?

OPtion

1) 8900
2) 7600
3) 7700
4) 8600
5) 9300
6) 9700
7) 9900
8) 8800
9) 8400
10)None of these

Solution

For an income of Rs. (20/3), investment = Rs.110
For an income of Rs.600, investment
= Rs.(110*3*600/ 20)
= Rs. 9900

Option 7)

Correct Option: 7 Best Solution (12)

santosh kumar patel   10 years AGO

to obtain rs.=20/3
cost of stock=100+10=110
to obtain rs=600
investment=(110*3*600)/20=9900rs

Like? Yes (19) | No (1)  

pawan kumar   10 years AGO

20/3 gain at 110
so, 600 gain= (110*3*600)/20
= rs.9900

Like? Yes (5) | No (1)  

swarupa nuggu   10 years AGO

9900

Like? Yes (4) | No (1)  

jitendra varshney   10 years AGO

investment means market value so
market value=600*3*100*110/20*100
=9900 so option 7 is correct

Like? Yes (3) | No   

Neel Patel   10 years AGO

9900

Like? Yes (2) | No   

vinit   10 years AGO

10 premium =110;
then,annual income=110*3*600/20=9900
ANS=99000

Like? Yes (2) | No   

Mahesh   10 years AGO

e need 90 shares and the cost of 90 shares is 990

Like? Yes (2) | No   

BHASKAR MANDAL   10 years AGO

20/3 %
=> 20/3 for 110
so, 600 will be for
20/3*600*110 = 9900

Like? Yes (1) | No   

Surya Srivastava   10 years AGO

mv=110
nv=100
d%=20/3%
ad=600
d. on 1 share=20/300*100=20/3
no of shares=600/20/3=90
investment=mv*no. of shares
=110*90=9900

Like? Yes (1) | No   

khushboo goenka   10 years AGO

coz at 10 premium mns if 100 rs stock are purchased thn at premium cost of stock 100+10=110 rs
so 110 stock=20/3
1stock= 20/3*110
let x money=20*x/3*110=600
so x=9900

Like? Yes (1) | No   

anuj gupta   10 years AGO

check options

Like? Yes (1) | No   

Reetesh Kumar Singh   10 years AGO

stock= 100+10=110
so, (20/3) gives 110
so, 600 in 110/(20/3)*600
= 9900

Like? Yes (1) | No