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Smita invested Rupees 12,000 to purchase...

Smita invested Rupees 12,000 to purchase shares of FV Rupess 10at a premium of Rupees 2. Find the number of shares she purchased. Completed the given activity to get the answer

Text Solution

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FV = Rupees 10,premium = Rupees 2
MV = FV `+ square = square +2=12`
The number of shares `= ( "Total investment")/( "MV")`
`= ( square)/(12) = square `shares
Activity `:` FV= Rupees 10, Premium = Rupees 2
MV = FV + premium `=10 +2 = 12 `
The number of shares `= ("Total investment")/( "MV")`
`= ( 12000)/( 12) = 1000` shares
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