## Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3A

These Solutions are part of Selina Concise Mathematics Class 10 ICSE Solutions. Here we have given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3A.

Other Exercises

Question 1.
How much money will be required to buy 400, ₹ 12.50 shares at a premium of ₹ 1?
Solution:
Number of shares purchased = 400
Rate of each share = ₹ 12.50
M.V. = ₹ 1 premium = ₹ 12.50 + ₹ 1 = ₹ 13.50
Amount of in vestment = ₹ 400 x ₹ 13.50 = ₹ 5400

Question 2.
How much money will be required to buy 250, ₹ 15 shares at a discount of ₹ 1.50?
Solution:
Number of shares = 250
M.V. = at ₹ 15 at a discount of ₹ 1.50 = ₹ 15 – ₹ 1.50 = ₹ 13.50
Amount of investment = ₹ 13.50 x 250 = ₹ 3375

Question 3.
A person buys 120 shares at a nominal value of ₹ 40 each, which he sells at ₹ 42.50 each. Find his profit and profit percent.
Solution:
No. of shares = 120
Nominal value of each share = ₹ 40.00
Profit at each share = ₹ 42.50 – ₹ 40.00 = ₹ 2.50
Total profit = 2.50 x 120 = ₹ 300
Cost price of 120 shares = ₹ 40 x 120 = ₹ 4,800

Question 4.
Find the cost of 85 shares of Rs. 60 each when quoted at ₹ 63.25
Solution:
No. of shares = 85
Market value of cach share = ₹ 63.25
Total cost = ₹ 63.25 x 85 = ₹ 5,376.25

Question 5.
A man invests ₹ 800 in buying 75 shares and when they are selling at a premium of ₹ 1.15, he sells all the shares. Find his profit and profit percent.
Solution:
Investment = ₹ 800
In first case face value of each share = ₹ 5
and market value of each share = ₹ 5.00 + ₹ 1.15 = ₹ 6.15
Gain on each share of ₹ 5 = ₹ 1.15

Question 6.
Find the annual income derived from 125, ₹ 120 shares paying 5% dividend.
Solution:
Amount of investment = ?
Number of shares purchased = 125 at ₹ 120, 5% dividend
Amount of investment = ₹ 125 x 120 = ₹ 15000
His annual income = 15000 x $$\frac { 5 }{ 100 }$$ = ₹ 750

Question 7.
A man invests ₹ 3,072 in a company paying 5% per annum when its ₹ 10 share can be bought for ₹ 16 each. Find:
(i) his annual income;
(ii) his percentage income on his investment.
Solution:
Total investment = ₹ 3,072
Market value of each shares = ₹ 16

Question 8.
A man invests ₹ 7,770 in a company paying 5 percent dividend when a share of nominal value of ₹ 100 sells at a premium of ₹ 5. Find :
(i) the number of shares bought;
(ii) annual income ;
(iii) percentage income ;
Solution:
Investment = ₹ 7770
Nominal value of each share = 100
Market value = 100 + 5 = 105

Question 9.
A man buys ₹ 50 shares of a company paying 12 percent dividend, at a premium of ₹ 10. Find :
(i) the market value of 320 shares ;
(ii) his annual income ;
(iii) his profit percent.
Solution:
(i) Market value of each share = ₹ 50 + ₹ 10 = ₹ 60
Market value of 320 shares = ₹ 60 x 320 = ₹ 19,200
(ii) Rate of dividend = 12%
Face value of 320 shares = Rs. 50 x 320 = Rs. 16,000

Question 10.
A man buys of Rs. 75 shares at a discount of Rs. 15 of a company paying 20% dividend. Find :
(i) the market value of 120 shares ;
(ii) his annual income ;
(iii) his profit percent.
Solution:
(i) Market value of one share = Rs. 75 – 15 = Rs. 60
Market value of 120 shares = Rs. 60 x 120 = Rs. 7,200
(ii) Rate of dividend = 20%
Face value of 120 shares = Rs. 75 x 120 = Rs. 9,000

Question 11.
A man has 300, ₹ 50 shares of a company paying 20% dividend. Find his net income after paying 3% income tax.
Solution:
No. of shares = 300
Face value of 50 shares = Rs. 50 x 300 = Rs. 15,000
Rate of dividend = 20%

Question 12.
A company pays dividend of 15 % on its ten-rupee shares from which it deducts income tax at the rate of 22%. Find the annual income of a man who owns one thousand shares of this company.
Solution:
No. of shares = 1,000
Face Value of each share = Rs. 10
Rate of dividend = 15%
Rate of income tax = 22%
Face value of 1,000 shares = 1,000 x 10 = Rs. 10,000
Total dividend = Rs. 10,000 x $$\frac { 15 }{ 100 }$$ = Rs. 1,500
Income tax deducted = Rs. 1500 x $$\frac { 22 }{ 100 }$$ = Rs. 330
Net income = Rs.1500 – Rs. 330 = Rs. 1170

Question 13.
A man invests Rs. 8,800 in buying shares of a company of face value of rupees hundred each at a premium of 10%. If he earns Rs. 1,200 at the end of the year as dividend find:
(i) the number of shares he has in the company;
(ii) the dividend percent per share. [2001]
Solution:
Investment = Rs. 8,800
Face value of each share = Rs. 100
Market value of each share = Rs. 100 + 10 = Rs. 110

Question 14.
A man invests Rs. 1,680 in buying shares of nominal value Rs. 24 and selling at 12% premium. The dividend on the shares is 15% per annum. Calculate :
(i) The number of shares he buys ;
(ii) The dividend he receives annually. [1999]
Solution:
Investment = Rs. 1680
Nominal value of each share = Rs. 24
Market value of each share = Rs. 24 + 12% of 24
= Rs. 24 + 2.88 = Rs. 26.88
Rate of dividend = 15%
(i) No. of shares = $$\frac { 1680 }{ 26.88 }$$ = 62.5
(ii) Face value of 62.5 shares = 62.5 x 24 = Rs. 1500
Amount of dividend = 1500 x $$\frac { 15 }{ 100 }$$ = Rs. 225

Question 15.
By investing Rs. 7,500 in a company paying 10 percent dividend, an annual income of Rs. 500 is received. What price is paid for each of Rs. 100 share? [1990]
Solution:
Investment = Rs. 7,500
Rate of dividend = 10%
Total income = Rs. 500

Hope given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3A are helpful to complete your math homework.

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## Selina Concise Mathematics Class 10 ICSE Solutions Chapter 2 Banking (Recurring Deposit Accounts) Ex 2B

These Solutions are part of Selina Concise Mathematics Class 10 ICSE Solutions. Here we have given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 2 Banking Ex 2B.

Other Exercises

Question 1.
Pramod deposits ₹ 600 per month in a Recurring Deposit Account for 4 years. If the rate of interest is 8% per year; calculate the maturity value of his account.
Solution:
Deposit per month (P) = ₹ 600
Rate of interest (r) = 8%
Period (n) = 4 years = 48 months.
According to formula,

Maturity value = ₹ 600 x 48 + ₹ 4,704 = ₹ 28,800 + ₹ 4,704 = ₹ 33504

Question 2.
Ritu has a Recurring Deposit Account in a bank and deposits ₹ 80 per month for 18 months. Find the rate of interest paid by the bank if the maturity value of this account is ₹ 1,554.
Solution:
Let rate of interest = r%,
n = 18,
P = ₹ 80
and A is maturity value.
Using formula

Question 3.
The maturity value of a R.D. Account is ₹ 16,176. If the monthly installment is ₹ 400 and the rate of interest is 8%; find the time (period) of this R.D. Account.
Solution:
Here maturity value (A) = ₹ 16,176
Rate = 8%,
P = ₹ 400
Let period = n (No. of months)
Using formula :
I = A – P x n = 16,176 – 400 x n = 16,716 – 400n.

⇒ 48,528 – 1,200n = 4n² + 4n
⇒ 4n² + 4n + 1200n – 48,528 = 0
⇒ 4n² + 1,204n – 48,528 = 0
⇒ n² + 301n — 12,132 = 0 (dividing by 4)
⇒ n² – 36n + 337n – 12,132 = 0
⇒ n (n – 36) + 337 (n – 36) = 0
⇒ (n – 36) (n + 337) = 0
Either n = 36 months or n = -337, which is not possible.
Time = 36 months = 3 years

Question 4.
Mr. Bajaj needs ₹ 30,000 after 2 years. What least money (in multiple of ₹ 5) must he deposit every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a. ?
Solution:
Amount of maturity = ₹ 30000
Period (n) = 2 years = 24 months
Rate = 8% p.a.
Let x be the monthly deposit

Amount of monthly deposit in the multiple of ₹ 5 = ₹ 1155

Question 5.
Rishabh has a recurring deposit account in a post office for 3 years at 8% p.a. simple interest. If he gets ₹ 9,990 as interest at the time of maturity, find :
(i) the monthly installment.
(ii) the amount of maturity.
Solution:
Total interest = ₹ 9990
Period (n) = 3 years = 36 months
Rate of interest (r) = 8%
(i) Let monthly installment = x

Monthly installment = ₹ 2250
(ii) Amount of maturity = Principal + Interest
= 36 x 2250 + 9990
= ₹ 81000 + 9990 = ₹ 90990

Question 6.
Gopal has a cumulative deposit account and deposits ₹ 900 per month for a period of 4 years. If he gets ₹ 52,020 at the time of maturity, find the rate of interest.
Solution:
Maturity value = ₹ 52,020
Monthly installment (P) = ₹ 900
Total principal = ₹ 900 x 48 = ₹ 43200
Amount of interest = ₹ 52020 – ₹ 43200 = ₹ 8820
Let rate of interest = r%

Question 7.
Deepa has a 4 year recurring deposit account in a bank and deposits ₹ 1,800 per month. If she gets ₹ 1,800 per month. If she gets ₹ 1,08,450 at the time of maturity, find the rate of interest.
Solution:
Deposit per month = ₹ 1800
Period = 4 years = 48 months
Maturity value = ₹ 108450
Total principal = ₹ 1800 x 48 = ₹ 86400
Amount of interest = ₹ 108450 – 86400 = ₹ 22050
Let r be the rate of interest

Question 8.
Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is of 8% per annum and Mr. Britto gets ₹ 8,088 from the bank after 3 years, find the value of his monthly installment. (2013)
Solution:
Let monthly installment = ₹ x
Period (n) = 3 x 12 months = 36 months

Question 9.
Sharukh opened a Recurring Deposit Account in a bank and deposited ₹ 800 per month for 1$$\frac { 1 }{ 2 }$$ years. If he received ₹ 15,084 at the time of maturity, find the rate of interest per annum. (2014)
Solution:
Money deposited per month (P) = ₹ 800
r = ?

Question 10.
Katrina opened a recurring deposit account with a Nationalised Bank for a period of 2 years. If the bank pays interest at the rate of 6% per annum and the monthly installment is ₹ 1,000, find the :
(i) interest earned in 2 years
(ii) maturity value. (2015)
Solution:
Period (n) = 2 years = 2 x 12 = 24 months
Rate of interest (r) = 6%
Monthly installment (P) = ₹ 1000

Question 11.
Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets ₹ 1200 as interest at the time of maturity, find :
(i) the monthly installment
(ii) the amount of maturity
Solution:
(i) Interest = ₹ 1200,
n = 2 x 12 = 24 months,
r = 6%

⇒ P = ₹ 800
So the monthly installment is ₹ 800
(ii) Total sum deposited = P x n = ₹ 800 x 24 = ₹ 19200
The amount that Mohan will get at the time of maturity = Total sum deposited + Interest Received
= ₹ 19200 + ₹ 1200 = ₹ 20400
Hence, the amount of maturity is ₹ 20400

Hope given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 2 Banking Ex 2B are helpful to complete your math homework.

If you have any doubts, please comment below. Learn Insta try to provide online math tutoring for you.

## Selina Concise Mathematics Class 10 ICSE Solutions Chapter 2 Banking (Recurring Deposit Accounts) Ex 2A

These Solutions are part of Selina Concise Mathematics Class 10 ICSE Solutions. Here we have given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 2 Banking Ex 2A.

Other Exercises

Question 1.
Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits ₹ 600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.
Solution:
Recurring Deposit per month = ₹ 600
Period (n) = 20 months
Rate of interest (r) = 10% p.a.
Total principal for 1 month

Maturity value = ₹ 600 x 20 + ₹ 1,050 = ₹ 12,000 + ₹ 1,050 = ₹ 13,050

Question 2.
Mrs. Mathew opened a Recurring Deposit Account in a certain bank and deposited ₹ 640 per month for 4$$\frac { 1 }{ 2 }$$ years. Find the maturity value of this account, if the bank pays interest at the rate of 12% per year.
Solution:
Recurring deposit per month = ₹ 640
Period (n) = 4$$\frac { 1 }{ 2 }$$ years = 54 months
Rate of interest (r) = 12%
Total principal for 1 month

Maturity value = ₹ 640 x 54 + ₹ 9,504 = ₹ 34,560 + ₹ 9,504 = ₹ 44,064

Question 3.
Each of A and B opened a recurring deposit accounts in a bank. If A deposited ₹ 1,200 per month for 3 years and B deposited ₹ 1,500 per month for 2$$\frac { 1 }{ 2 }$$ years; find, on maturity, who will it get more amount and by how much ? The rate of interest paid by the bank is 10% per annum.
Solution:
A’s deposit per month (P) = ₹ 1200
Period = 3 years = 36 months
Total principal for one month

and maturity value = ₹ 1500 x 30 + Interest
= ₹ 45000 + 5812.50
= ₹ 50812.50
It is clear that B’s maturity value is greater Difference = ₹ 50812.50 – ₹ 49860 = ₹ 952.50

Question 4.
Ashish deposits a certain sum of money every month in a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ₹ 12,715 as the maturity value of this account, what sum of money did he pay every month ?
Solution:
Let Recurring deposit per month = ₹ x
Period (n) = 12 months
Rate of interest (r) = 11%
Maturity value = ₹ 12,715 ………. (i)
Total principal for one month

Recurring deposit per month ₹ 1000 p.m.

Question 5.
A man has a Recurring Deposit Account in a bank for 3$$\frac { 1 }{ 2 }$$ years. If the rate of interest is 12% per annum and the man gets ₹ 10206 on maturity, find the value of monthly installments.
Solution:
Let Recurring deposit per month = ₹ x
Period (n) = 3$$\frac { 1 }{ 2 }$$ years = 42 months
Rate of interest (r) = 12% p.a.
Amount of maturity = ₹ 10206 ……… (i)

Amount of each installment = ₹ 200

Question 6.
(i) Puneet has a Recurring Deposit Account in the Bank of Baroda and deposits ₹ 140 per month for 4 years If he gets ₹ 8,092 on maturity, find the rate of interest given by the bank.
(ii) David opened a Recurring Deposit Account in a bank and deposited ₹ 300 per month for two years. If he received ₹ 7725 at the time of maturity, find the rate of interest per annum. (2008)
Solution:
(i) Recurring deposit per month = ₹ 140
Period (n) = 4 years = 48 months
Let Rate of interest (r) = r % p.a.
Amount of maturity = ₹ 8,092
Total principal for one month

Question 7.
Amit deposited ₹ 150 per month in a bank for 8 months under the Recurring Deposits Scheme. What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at the end of every month ? [I.C.S.E. 2001]
Solution:
Amount of Recurring deposit = ₹ 150
Period (n) = 8 months
Rate of interest (r) = 8% p.a.
Total principal for one month

Amount of maturity value = ₹ 150 x 8 + ₹ 36 = ₹ 1,200 + ₹ 36 = ₹ 1,236

Question 8.
Mrs. Geeta deposited ₹ 350 per month in a bank for 1 year and 3 months under the Recurring Deposit Scheme. If the maturity value of her deposits is ₹ 5,565; find the rate of interest per annum.
Solution:
Amount of recurring deposit per month = ₹ 350
Period (n) = 1 year 3 months = 15 months
Let rate of interest = r % p.a.
Amount of maturity = ₹ 5565
Amount of interest = ₹ 5,565 – ₹ 350 x 15 = ₹ 5,565 – 5,250 = ₹ 315 ….(i)
Now, total principal for one month

Question 9.
A recurring deposit account of ₹ 1,200 per month has a maturity value of ₹ 12,440. If the rate of interest is 8% and the interest is calculated at the end of every month; find the time (in months) of this Recurring Deposit Account.
Solution:
Amount of recurring deposit per month = ₹ 1,200
Rate of interest (r) = 8% p.a.
Let period = n months
Amount of maturity = ₹ 12,440
Amount of interest = ₹ 12440 – ₹ 1200 x n ….(i)
Total principal for one month

from (i) and (ii), we get,
4n (n + 1) = 12440 – 1200n
⇒ 4n² + 4n = 12440 – 1200n
⇒ 4n² + 1204n – 12440 = 0
Dividing by 4,
⇒ n² + 301n – 3110 = 0
⇒ n² + 311n – 10n – 3110 = 0
⇒ n (n + 311) – 10 (n + 311) = 0
⇒ (n + 311) (n – 10) = 0
Given n + 311 = 0, then n = – 311 Which is not possible,
or n – 10 = 0, then n = 10
Period = 10 months.

Question 10.
Mr. Gulati has a Recurring Deposit Account of ₹ 300 per month. If the rate of interest is 12% and the maturity value of this account is ₹ 8,100; find the time (in years) of this Recurring Deposit Account.
Solution:
Amount of recurring deposit per month = ₹ 300
Let Period = n months
Rate of interest (r) = 12% p.a.
Amount of maturity = ₹ 8,100
Interest = 8,100 – 300 x n ……. (i)
Total principal for 1 month

⇒ 3n (n + 1) = 16,200 – 600 n
⇒ 3n² + 3n = 16,200 – 600 n
⇒ 3n² + 603n – 16,200 = 0
Dividing by 3, we get,
⇒ n² + 201n – 5,400 = 0
⇒ n² + 225n – 24n – 5,400 = 0
⇒ n(n + 225) – 24 (n + 225) = 0
⇒ (n + 225) (n – 24) = 0
Either n + 225 = 0, then n = – 225 Which is not possible
or n – 24 = 0, then n = 24
Period = 24 months or 2 years.

Question 11.
Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹ 2,500 per month for two years. At the time of maturity he got ₹ 67,500. Find :
(i) the total interest earned by Mr. Gupta.
(ii) the rate of interest per annum. (2010)
Solution:
(i) Total amount deposited by Mr. Gupta in 24 months = ₹ 2500 x 24 = ₹ 60,000
Maturity amount = ₹ 67,500
Total interest earned by Mr. Gupta = ₹ 67,500 – ₹ 60,000 = ₹ 7,500
(ii) Total principal for 1 month

Hope given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 2 Banking Ex 2A are helpful to complete your math homework.

If you have any doubts, please comment below. Learn Insta try to provide online math tutoring for you.

## Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3C

These Solutions are part of Selina Concise Mathematics Class 10 ICSE Solutions. Here we have given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3C.

Other Exercises

Question 1.
By investing 745,000 in 10% 7100 shares, Sharad gets 73,000 as divided. Find the market value of each share.
Solution:
Total investment = ₹ 45000 at 10% of ₹ 100 shares
and amount of dividend = ₹ 3000

Question 2.
Mrs. Kulkarni invests ₹ 1,31,040 in buying ₹ 100 shares at a discount of 9%. She sells shares worth ₹ 72,000 at a premium of 10% and the rest at a discount of 5%. Find her total gain or loss on the whole.
Solution:
Total investment = ₹ 1,31,040 in ₹ 100 share at discount of 9%
Market value of each share = ₹ 100 – ₹ 9 = ₹ 91

Question 3.
A man invests a certain sum in buying 15% ₹ 100 shares at 20% premium. Find:
(i) his income from one share.
(ii) the number of shares bought to have an income, from the dividend, ₹ 6,480.
(iii) sum invested.
Solution:
Face value of each share = ₹ 100
Market value of each share = ₹ 100 + ₹ 20 = ₹ 120
Rate of dividend = 15%
(i) Income from one share = ₹ 15
(ii) and number of shares when amount of dividend
= $$\frac { 6480 }{ 15 }$$ = 432
(iii) and sum invested = ₹ 432 x 120 = ₹ 51,840

Question 4.
Gagan invested 80% of his savings in 10% ₹ 100 shares at 20% premium and the rest of his savings in 20% ₹ 50 shares at 20% discount. If his incomes from these shares is ₹ 5,600, calculate:
(i) his investment in shares on the whole.
(ii) the number of shares of first kind that he bought
(iii) percentage return, on the shares bought, on the whole.
Solution:
(i) Total income = ₹ 5600
Let total investment = ₹ x

Question 5.
Aishwarya bought 496, ₹ 100 shares at ₹ 132 each. Find:
(ii) income of Aishwarya from these shares, if the rate of dividend is 7.5%.
(iii) how much extra must Aishwarya invest in order to increase her income by ₹ 7,200?
Solution:
Number of shares = 496
Market value of each share = ₹ 132
(i) Total investment = 496 x 132 = ₹ 65472
(ii) Rate of dividend = 7.5%
Income = 496 x 7.5 = ₹ 3720
(iii) New income (increase in income) = ₹ 7200
Market value of share = ₹ 132
Rate of income = 7.5%
Exit investment

Question 6.
Gopal has some ₹ 100 shares of company A, paying 10% dividend. He sells a certain number of these shares at a discount of 20% and invests the proceeds in ₹ 100 shares at ₹ 60 of company B paying 20% dividend. If his income, from the shares sold, increases by ₹ 18,000, find the number of shares sold by Gopal.
Solution:
Let number of share purchased = x
Face value of these shares = ₹ 100 x x = 100x
dividend = 10%

Question 7.
A man invests a certain sum of money in 6% hundred rupee shares at ₹ 12 premium. When the shares fell to ₹ 96, he sold out all the shares bought and invested the proceed in 10%, ten rupee shares at ₹ 8. If the change in his income is ₹ 540, find the sum invested originally.
Solution:
Let investment = ₹ x
Dividend at the rate of 6% at 12% premium

Question 8.
Mr. Gupta has a choice to invest in ten rupee shares of two firms at ₹ 13 or at 716. If the first firm pays 5% dividend and the second firm pays 6% dividend per annum, find:
(i) which firm is paying better ?
(ii) If Mr. Gupta invests equally in both the firms and the difference between the returns from them is ₹ 30, Find how much in all does he invest ?
Solution:
Face value of each share = ₹ 10
Market value of first firm’s share = ₹ 13
and market value of second firm’s share = ₹ 16
Dividend from first firm = 5%
and dividend from second firm = 6%
(i) Let investment in each firm = ₹ 13 x 16
Income from first firm’s shares

It is clear from the above that first firm’s shares are better.
(ii) Difference in income = ₹ 8.00 – ₹ 7.80 = ₹ 0.20
If difference is ₹ 0.20 then investment in each firm = ₹ 13 x 16
and if difference is ₹ 30, then investment

Total investment in both firms = ₹ 31200 x 2 = ₹ 62,400

Question 9.
Ashok invested ₹ 26,400 in 12%, ₹ 25 shares of a company. If he receives a dividend of ₹ 2,475, find the :
(i) number of shares he bought.
(ii) market value of each share.
Solution:
(i) Given,
Investment = ₹ 26400
Rate of dividend = 12%
Dividend earned = ₹ 2475
Face value of one share = ₹ 25
Total dividend earned = No. of shares x Rate of dividend x Face value of one share

Question 10.
A man invested ₹ 45,000 in 15% ₹ 100 shares quoted at ₹ 125. When the market value of these shares rose to Rs. 140, he sold some shares, just enough to raise ₹ 8,400. calculate :
(i) the number of shares he still holds;
(ii) the dividend due to him on these remaining shares. [2004]
Solution:

Question 11.
Mr. Tiwari invested ₹ 29,040 in 15% ₹100 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.
Solution:
Mr. Tiwari’s investment = ₹ 29040
Face value of each share = ₹ 100
Market value of each share = ₹ 100 + ₹ 20 = ₹ 120
Rate of income = 15%
(i) Number of shares purchased

Question 12.
A dividend of 12% was declared on ₹ 150 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 ₹ 1,350.
Solution:
Let market value of each share = x
Rate of return on investment = 10%
Face value of each share = ₹ 150
Dividend rate = 12%
(i) Now, rate of return x market value = Rate of dividend x Face value
⇒ 10 x x = 12 x 150

Amount of investment in ₹ 5 shares = ₹ 5 x ₹ 180 = ₹ 13500

Question 13.
Divide ₹ 50,760 into two parts such that if one part is invested in 8% ₹ 100 shares at 8% discount and the other in 9% ₹ 100 shares at 8% premium, the annual incomes from both the investments are equal.
Solution:
Total investment = ₹ 50,760
Let first part of investment = x
Then second part = ₹ 50,760 – x
Rate of dividend in first part = 8% ₹100 at discount = 8%
M.V. of each share = ₹ 100 – 8 = ₹ 92
Rate of dividend second part = 9% ₹ 100 at premium = 8%
M.V. of each share = 100 + 8 = ₹ 108
But annual income from both part is same

Question 14.
Mr. Shameem invested 33$$\frac { 1 }{ 3 }$$ % of his savings in 20% ₹ 50 shares quoted at ₹ 60 and the remainder of the savings in 10% ₹ 100 shares quoted at ₹ 110. If his total income from these investments is ₹ 9,200 ; find :
(i) his total savings
(ii) the number of ₹ 50 shares.
(iii) the number of ₹ 100 shares.
Solution:
Let total investment = x

Question 15.
Vivek invests ₹ 4500 in 8% ₹ 10 shares at ₹ 15. He sells the shares when the price rises to ₹ 30, and invests the proceeds in 12% ₹ 100 shares at ₹ 125. Calculate,
(i) the sale proceeds
(ii) the number of ₹ 125 shares he buys.
(iii) the change in his annual income from dividend.
Solution:
(i) By investing ₹ 15, share bought = ₹ 10
By investing ₹ 4500, share bought = $$\frac { 10 }{ 15 }$$ x 4500 = ₹ 3000
Total face value of ₹ 10 shares = ₹ 3000, Income = 8%
= $$\frac { 8 }{ 100 }$$ x 3000 = ₹ 240
By selling Rs. 10 share money received = ₹ 30
By selling Rs. 3000 shares money = $$\frac { 30 }{ 10 }$$ x 3000 = ₹ 9000
(ii) By investing ₹ 125, no. of share of ₹ 100 bought = 1
By investing ₹ 9000, no. of share of ₹ 100 bought = $$\frac { 1 }{ 125 }$$ x 9000 = 72
No. of ₹ 125 shares bought = 72
(iii) By investing ₹ 125 in Rs. 100 share, income = ₹ 12
By investing ₹ 9000 in ₹ 100 share, income = $$\frac { 12 }{ 125 }$$ x 9000 = ₹ 864
Increase in income = ₹ 864 – ₹ 240 = ₹ 624

Question 16.
Mr. Parekh invested ₹ 52,000 on ₹ 100 shares at a discount of ₹ 20 paying 8% dividend. At the end of one year he sells the shares at a premium of ₹ 20. Find
(i) The annual dividend.
(ii) The profit earned including his dividend.
Solution:
Investment = ₹ 52000,
N.V. of 1 share = ₹ 100
M.V. of 1 share for 1 st year = ₹ 100 – 20 = ₹ 80
No. of shares = $$\frac { 52000 }{ 80 }$$ = 650
(i) Annual dividend = $$\frac { 8 }{ 100 }$$ x 650 x 100 = ₹ 5200
(ii) S.P of 1 share = ₹ 100 + 20 = ₹ 120
S.P. of 650 shares = ₹ 120 x 650 = ₹ 78000
C.P. of 650 shares = ₹ 100 x 650 = ₹ 65000
Profit = S.P. – C.P. = ₹ 78000 – ₹ 65000 = ₹ 13000
Profit including dividend = ₹ 13000 + ₹ 5200 = ₹ 18200

Question 17.
Salman buys 50 shares of face value ₹ 100 available at ₹ 132.
(i) What is his investment ?
(ii) If the dividend is 7.5%, what will be his annual income ?
(iii) If he wants to increase his annual income by ₹ 150, how many extra shares should he buy?
Solution:
F.V. = ₹ 100
(i) M. V. = ₹ 132,
no. of shares = 50
Investment = no. of shares x M.V. = 50 x 132 = ₹ 6600
(ii) Income per share = 7.5% of N.V.
= $$\frac { 75 }{ 10 x 100 }$$ x 100 = ₹ 7.5
Annual incomes = 7.5 x 50 = ₹ 375
(iii) New annual income = 375 + 150 = ₹ 525
No. of shares = $$\frac { 525 }{ 7.5 }$$ = 70
No. of extra share = 70 – 50 = 20

Question 18.
Salman invests a sum of money in ₹ 50 shares, paying 15% dividend quoted at 20% premium. If his annual dividend is ₹ 600, calculate:
(i) the number of shares he bought
(ii) his total investment
(iii) the rate of return on his investment. (2014)
Solution:
Nominal value = ₹ 50

Question 19.
Rohit invested ₹ 9,600 on ₹ 100 shares at ₹ 20 premium paying 8% dividend. Rohit sold the shares when the price rose to ₹ 160. He invested the proceeds (excluding dividend) in 10% ₹ 50 shares at ₹ 40. Find the :
(i) original number of shares.
(ii) sale proceeds.
(iii) new number of shares.
(iv) change in the two dividends. (2015)
Solution:
Investment by Rohit = ₹ 9600
Rate of dividend = 8% on 100 shares at ₹ 20 premium
Market value = ₹ 100 + ₹ 20 = ₹ 120

Hope given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3C are helpful to complete your math homework.

If you have any doubts, please comment below. Learn Insta try to provide online math tutoring for you.

## Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3B

These Solutions are part of Selina Concise Mathematics Class 10 ICSE Solutions. Here we have given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3B.

Other Exercises

Question 1.
A man buys 75, Rs. 100 shares paying 9 per cent dividend. He buys shares at such a price that he gets 12 per cent of his money. At what price did he buy the shares?
Solution:
No. of shares = 75
Value of each share = Rs. 100
Rate of dividend = 9%
Let the market value of each share = x
Thus. 12% of x = 9% of 100

Market value of each share = Rs. 75

Question 2.
By purchasing Rs. 25 gas shares for Rs. 40 each, a man gets 4 per cent profit on his investment. What rate per cent is the company paying ? What is his dividend if he buys 60 shares?
Solution:
Face value of each share = Rs. 25
Market value of each share = Rs. 40
Profit = 4% of his investment
Let the rate of dividend = x %

Question 3.
Hundred rupee shares of a company are available in the market at a premium of Rs. 20. Find the rate of dividend given by the company, when a man’s return on his investment is 15 percent.
Solution:
Face value of each share = Rs. 100
Market value of each share = Rs. 120
Total dividend = 15% on his investment
Let the rate of dividend = x %
Then x % of 100 = 15 % of 120

x = 18%
Rate of dividend = 18%

Question 4.
Rs. 50 shares of a company are quoted at a discount of 10%. Find the rate of dividend given by the company, the return on the investment on these shares being 20 percent.
Solution:
Face value of each share = Rs. 50

Rate of dividend = 18%

Question 5.
A company declares 8 per cent dividend to the share holders. If a man receives Rs. 2,840 as his dividend, find the nominal value of his shares.
Solution:
Rate of dividend = 8%
Total dividend = Rs. 2.840
Let Nominal value of shares = x
Then 8% of x = Rs. 2840

Nominal value of his shares = Rs. 35,500

Question 6.
How much should a man invest in Rs. 100 shares selling at Rs. 110 to obtain an annual income of Rs. 1,680, if the dividend declared is 12% ?
Solution:
Face value of each share = Rs. 100
Market value of each share = Rs. 110
Total annual income = Rs. 1,680.
Rate of dividend = 12%
Let total amount of shares = x
Then x x 12% = 1,680

Question 7.
A company declares a dividend of 11.2% to all its share-holders. If its Rs. 60 share is available in the market at a premium of 25%, how much should Rakesh invest in buying the shares of this company in order to have an annual income of Rs. 1,680 ?
Solution:
Face value of each share = Rs. 60
Market value = Rs. 60 x $$\frac { 125 }{ 100 }$$ = Rs. 75
Rate of dividend = 11.2%
Annual income = Rs. 1,680
Let the face value of shares = x
Dividend = x x 11.2%
x x 11.2% = 1680

Question 8.
A man buys 400, twenty rupee shares at a premium of Rs. 4 each and receives a dividend of 12%. Find :
(i) the amount invested by him.
(ii) his total income from the shares.
(iii) percentage return on his money.
Solution:
No. of shares = 400
Face value of one share = Rs. 20
Market value of one share = Rs. 20 + 4 = Rs. 24
Rate of dividend = 12%
(i) Amount invested by the man = Rs. 24 x 400 = Rs. 9600

Question 9.
A man buys 400, twenty-rupee shares at a discount of 20% and receives a return of 12% on his money. Calculate
(i) the amount invested by him.
(ii) the rate of dividend paid by the company.
Solution:
No. of shares = 400
Face value of one share = Rs. 20
Market value of one share = Rs. 20 x $$\frac { 80 }{ 100 }$$ = Rs. 16
Amount of shares = Rs. 20 x 400 = Rs. 8,000
(i) Amount invested = Rs. 16 x 400 = Rs. 6,400
(ii) Total dividend = Rs. 6,400 x $$\frac { 12 }{ 100 }$$ = Rs. 768
Rate of dividend = $$\frac { 768 x 100 }{ 8000 }$$= 9.6 %

Question 10.
A company with 10,000 shares of Rs. 100 each, declares an annual dividend of 5%.
(i) What is the total amount of dividend paid by the company ?
(ii) What should be the annual income of a man who has 72 shares, in the company ?
(iii) If he received only 4% of his investment, find the price he paid for each share.
Solution:
No. of shares = 10000
Face value of each share = 100
Rate of dividend = 5%
Amount of shares = Rs. 100 x 10,000 = Rs. 10,00,000

Question 11.
A lady holds 1800, Rs. 100 shares of a company that pays 15 % dividend annually. Calculate her annual dividend. If she had bought these shares at 40% premium, what is the return she gets as percent on her investment. Give your answer to the nearest integer.
Solution:
No. of shares = 1800
Face value of each share = Rs. 100
Rate of dividend = 15 %
Market value of each share Rs. 140
Total value of shares = Rs. 1800 x 100 = Rs. 1,80,000

Question 12.
A man invests Rs. 11,200 in a company paying 6 percent per annum when its Rs. 100 shares can be bought for Rs. 140 find:
(i) his annual dividend.
(ii) his percentage return on his investment.
Solution:
Investment = Rs. 11,200
Rate of dividend = 6%
Market value of a share = Rs. 140
No. of shares = Rs. 11,200 ÷ Rs. 140 = 80
Face value of 80 shares = 80 x Rs. 100 = Rs. 8,000

Question 13.
Mr. Sharma has 60 shares of N.V. ₹ 100 and sells them when they are at a premium of 60%. He invests the proceeds in shares of nominal value ₹ 50, quoted at 4% discount, and paying 18% dividend annually. Calculate:
(i) the sale proceeds ;
(ii) the number of shares he buys and
(iii) his annual dividend from the shares.
Solution:
(i) No. of shares = 60
Face value of each share = Rs. 100
Total amount = Rs. 100 x 60 = Rs. 6,000
Market value = Rs. 160
His sale proceed = Rs. 160 x 60 = Rs. 9,600
(ii) In second case :
Nominal value of each share = Rs.50
and Market value = Rs. 50 x $$\frac { 96 }{ 100 }$$ = Rs. 48
Rate of dividend = 18%
No. of shares he purchased = $$\frac { 9600 }{ 48 }$$ = 200
(iii) Face value of 200 shares = 200 x Rs. 50 = Rs. 10,000
Dividend = Rs. 10000 x $$\frac { 18 }{ 100 }$$ = Rs. 1,800

Question 14.
A company with 10,000 shares of nominal value ₹ 100 declares an annual dividend of 8% to shareholders.
(i) Calculate the total amount of dividend paid by the company.
(ii) Ramesh had bought 90 shares of the company at ₹ 150 per share. Calculate the dividend he receives and the percentage of return on his investment.
Solution:
(i) No. of shares = 10,000
Nominal value of each share = Rs. 100
Dividend = 8%
Total face value of 10,000 shares = Rs. 100 x 10,000 = Rs. 10,00,000
and amount of dividend = Rs. $$\frac { 1000000 x 8 }{ 100 }$$ = Rs. 8000
(ii) In second case :
Ramesh bought = 90 shares
Market value of each share = Rs. 150
His investment = Rs. 150 x 90 = Rs. 13,500
Face value of 90 shares = Rs. 100 x 90 = Rs. 9,000

Question 15.
Which is the better investment:
16% Rs. 100 shares at 80 or 20% Rs. 100 shares at 120 ?
Solution:
In first case :
Income on Rs. 80 = Rs. 16

From above, it is clear that first investment is better.

Question 16.
A man has a choice to invest in hundred rupee shares of two firms at Rs. 120 or at Rs. 132. The first firm pays r. dividend of 5% per annum and the second firm pays a dividend of 6% per annum. Find :
(i) Which company is giving a better return.
(ii) If a man invests Rs. 26,400 with each firm, how much will be the difference between the annual returns from the two firms.
Solution:
In first case :
Market value of share = Rs. 120
and dividend = 5%
Income on Rs. 120 = Rs. 5

= Rs. 1,200
Difference = Rs. 1,200 – Rs. 1,100 = Rs. 100

Question 17.
A man bought 360, ten rupee shares of a company paying 12 percent per annum. He sold the shares when their price rose to Rs. 21 per share and invested the proceeds in five rupee shares paying 4.5 per cent per annum at Rs 3.50 per share. Find the annual change in his income.
Solution:
No. of shares bought = 360
Face value of each share = Rs. 10
Dividend = 12%
Cost price of 360 shares = Rs. 360 x 10 = Rs. 3,600
Market value = Rs. 21
Selling price = Rs. 21 x 360 = Rs. 7,560
In second case :
Face value of each share = Rs. 5
Market value of each share = Rs. 3.5

Difference in his income = Rs. 486 Rs. 432 = Rs. 54

Question 18.
A man sold 400 (Rs. 20) shares of a company paying 5% at Rs. 18 and invested the proceeds in (Rs. 10) shares of another company paying 7% at Rs. 12. How many (Rs. 10) shares did he buy and what was the change in his income?
Solution:
In first case :
No. of shares sold = 400
Face value of each share = Rs. 20
Market value = Rs. 18
Income = 5%
Amount of his investment = Rs. 18 x 400 = Rs. 7,200
and amount of shares = Rs. 20 x 400 = Rs. 8000
In second case :
Market value of each share = Rs. 12
Face value of each share = Rs. 10
Rate of dividend = 7%
No. of shares purchased = $$\frac { 7200 }{ 12 }$$ = 600
Face value of 600 shares = Rs. 10 x 600 = Rs. 6,000
Now, income in first case = Rs. 8000 x $$\frac { 5 }{ 100 }$$ = Rs. 400
and income in second case = Rs. 6000 x $$\frac { 7 }{ 100 }$$ = Rs. 420
Increase in income = Rs. 420 – 400 = Rs. 20

Question 19.
Two brothers A and B invest Rs. 16,000 each in buying shares of two companies. A buys 3% hundred-rupee shares at 80 and B buys ten rupee shares at par. If they both receive equal dividend at the end of the year, find the rate percent of the dividend received by B.
Solution:
A’s investment = Rs. 16,000
Face value of each share = Rs. 100
Market value of each share = Rs. 80
and rate of dividend = 3%
No. of shares purchased = $$\frac { 16000 }{ 80 }$$ = 200
Amount of shares = 200 x Rs. 100 = Rs. 20,000
and amount of dividend = 20,000 x $$\frac { 3 }{ 100 }$$ = Rs. 600
B’s investment = Rs. 16,000
Face value of each share = Rs. 10
and amount of dividend = Rs. 600
Rate of dividend = $$\frac { 600 }{ 16000 }$$ x 100 = 3.75 %

Question 20.
A man invests Rs. 20,020 in buying shares of nominal value Rs. 26 at 10% premium. The dividend on the shares is 15% per annum Calculate :
(i) The number of shares he buys.
(ii) The dividend he receives annually.
(iii) The rate of interest he gets on his money [2003]
Solution:
Total investment = Rs. 20,020
Nominal value of each share = Rs. 26.

Hope given Selina Concise Mathematics Class 10 ICSE Solutions Chapter 3 Shares and Dividend Ex 3B are helpful to complete your math homework.

If you have any doubts, please comment below. Learn Insta try to provide online math tutoring for you.