Question:
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
[A]. Rs. 207.40
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
[A]. Rs. 207.40
[B].
Rs. 534.60[C].
Rs. 648[D].
Rs. 655.60Answer: Option C
Explanation:
| Number of shares = | 4455 | = 540. | ||
| 8.25 |
Face value = Rs. (540 x 10) = Rs. 5400.
| Annual income = Rs. | 12 | x 5400 | = Rs. 648. | ||
| 100 |