Kiran, a housewife, inherited some money after the death of her aunty who had already advised her to use the funds carefully. After much pondering and consultations, Kiran invested the whole amount in stock market. But due to instability in the market, after 3 months of investments, she was advised to liquidate her portfolios immediatelyShe made a profit of 25% on her investmentsShe kept hold of ¼ of this profit and invested the remaining funds in a Fixed Deposit with a Financer earning 20% p.a After a year of the death of her aunty, she decided to again try her luck and invest in stocks... Show more Kiran, a housewife, inherited some money after the death of her aunty who had already advised her to use the funds carefully. After much pondering and consultations, Kiran invested the whole amount in stock market. But due to instability in the market, after 3 months of investments, she was advised to liquidate her portfolios immediatelyShe made a profit of 25% on her investmentsShe kept hold of ¼ of this profit and invested the remaining funds in a Fixed Deposit with a Financer earning 20% p.a After a year of the death of her aunty, she decided to again try her luck and invest in stocks and withdrew the total amount in Fixed Deposits, however, this time, she lost Rs.10,000 in the first 3 months, which compelled her in immediately selling of her holdings at par. Out of the proceeds received, she paid back the loss suffered and invested half of the remaining funds in a 1-year bank deposit earning 10% p.a.On maturity of deposit she got Rs.53,900/=. Show less
Kiran, a housewife, inherited some money after the death of her aunty who had already advised her to use the funds carefully. After much pondering and consultations, Kiran invested the whole amount in stock market.
But due to instability in the market, after 3 months of investments, she was advised to liquidate her portfolios immediatelyShe made a profit of 25% on her investmentsShe kept hold of ¼ of this profit and invested the remaining funds in a Fixed Deposit with a Financer earning 20% p.a
After a year of the death of her aunty, she decided to again try her luck and invest in stocks and withdrew the total amount in Fixed Deposits, however, this time, she lost Rs.10,000 in the first 3 months, which compelled her in immediately selling of her holdings at par.
Out of the proceeds received, she paid back the loss suffered and invested half of the remaining funds in a 1-year bank deposit earning 10% p.a.On maturity of deposit she got Rs.53,900/=.
Join 4M+ learners. Unlock unlimited quizzes, wrong-answer tracking, flashcards + reminders, study guides, and 1-on-1 challenges.