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Mr Balu inversted Rs. 15,000 in 10%, Rs....

Mr Balu inversted Rs. 15,000 in 10%, Rs. 100 shares at Rs. 120, and also invested Rs. 24,000 in 12%, Rs. 120 shares at Rs. 100. The total earnings from the two investment is _________.

A

Rs. 4500

B

Rs. 4706

C

Rs. 4700

D

Rs. 4509

Text Solution

Verified by Experts

The correct Answer is:
B
On the first Investment :
Number of shres `=15,000/120=125`
Divdend earned `=(10/100xx125) 125=` Rs. `1250`
On the second Investment :
Number of shares `=(24,000)/100=240`
`implies` Dividend earned `=240xx12/100xx120=`Rs. `3456`
Total earnings `= Rs. 4706`.
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