shares dividend

[riti]

A man invested in shares paying 5%p.a.Find the number of shares if the annual income was $250.He sells these shares at $92 and invests the proceeds in shares at $115.If his annual income increases by $30 by this transaction find the rate of dividend of $115 shares.

 

[Deleted member 4993]

A man invested in shares paying 5%p.a.Find the number of shares if the annual income was $250.He sells these shares at $92 and invests the proceeds in shares at $115.If his annual income increases by $30 by this transaction find the rate of dividend of $115 shares.

First, define a variable for the parameter you need to find.

let

# of shares = S

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