Multiple Choice Questions on Brij has 800 shares of par value Rs 50 each and 600 debentures of par value Rs 100 each of the compa........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Brij has 800 shares of par value Rs 50 each and 600 debentures of par value Rs 100 each of the compa...........

Quantitative Aptitude ( CCS) Simple Interest
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    Brij has 800 shares of par value Rs. 50 each and 600 debentures of par value Rs. 100 each of the company. The company pays an annual dividend of 6% on the shares and interest of 12% on the debentures. Find the total annual income of Brij and rate of retur

    Rs. 9600, 9.6%

    Correct Answer

    Rs. 8000, 8%

    Incorrect Answer

    Rs. 10600, 10.6%

    Incorrect Answer

    Rs. 9000, 8.6%

    Incorrect Answer
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    Explanation:

    Annual dividend on 800 shares = Rs 800 x 50 x 6 /100 = 2400

    Annual interest on 600 debentures = 600 x 12 x 100 / 100 = 7200

    Total annual income of Brij = Rs. (2400 + 7200) = Rs. 9600

    Total investment of Brij = Rs. (800 x 50 + 600 x 100)

    =Rs. (40000 + 60000) = Rs. 100000

    Rate of return = 9600 x 10000 /100 = 9.6%

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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