Question
Aman invests ₹24,000 in 8% stock at ₹120. He sells
the stock when the price rises to ₹150 and reinvests the proceeds in 10% stock at ₹125. What is the change in his annual income?Solution
ATQ, First Investment Face value of stock = ₹100 Market price = ₹120 Investment = ₹24,000 Number of shares = ₹24,000 / ₹120 = 200 shares Annual income = 8% of face value × number of shares = ₹8 × 200 = ₹1,600 Sale and Reinvestment Sale proceeds = 200 shares × ₹150 = ₹30,000 New stock: 10% at ₹125 Number of shares = ₹30,000 / ₹125 = 240 shares Annual income = ₹10 × 240 = ₹2,400 Change in Income New income = ₹2,400 Old income = ₹1,600 Increase in income = ₹800
In each of the questions below are given some statements followed by two conclusions. You have to take the given statements to be true even if they see...
Statement: J > K ≥ C = D ≤ Y < Z
Conclusions:
I. Z > C
II. J ≥ Y
III. J > D
IV. C > Z
...In the following question the relationship between different elements is given in the statements followed by three conclusions I, II and III. Read the ...
Statement: H > G = M > S; G `>=` T > L; M `<=` F < U
Conclusion: I. F > S II. T < H
...Statements: T @ V % Z # C & B $ S # E; W $ Z @ C
Conclusions : I. E @ Z II. S # W ...
Statements: B ≥ C > D; B < E > J; G > A ≥ H > J
Conclusion:
I. D ≤ A
II. G > C
Statements: Q © E, S % C, E $ S, C @ A
Conclusions:
I. A © C
II. S % A
III. C © Q
Statement: L ≥ M ≤ R = S; M > N ≥ P
Conclusions: I. P ≤ M II. L > N
Statements:
A ≥ T > I, D > I, U = P ≥ I
Conclusions:
I. U > D
II. A > I
Statements: B @ E, E $ Y, Y & I, I % C
Conclusions: I. E @ I II. C & B
...
