Question

2. Find the annual income fron
S. A man wants to buy 600 shares available at 125 having the par value 100
P How much does he invest?
(2) Ir the dividend is 8% per annum, what will be his annual income?
If he wants to increase his annual income by 1800, how many extra shares should be
buy?​

Answer 1

Explanation:

Par value = 100

Dividend = 8% per annum

Dividend per share = 1008×100=Rs8

 Dividend for 600 shares = 8×600

= 4800 Rs

∴ His annual income = Rs 4800