A company having 20000 shares in the market of nominal value ₹100 declares an annual dividend of 16% to its shareholders. What is the total amount of dividend paid by the company?
Answers
Answered by
1
Answer:
₹3,20,000
Step-by-step explanation:
Shares issued = 20,000
Value per share = ₹100
Total value of Shares = ₹20,00,000
Rate of Dividend = 16% p.a.
Therefore,
Amount of Dividend = 20,00,000 * 16/100 = ₹3,20,000
Hope this solves your doubt!
Answered by
1
Answer :
Div = ₹ 3,20,000
Explanation :
n = 20,000
FV = ₹100
d = 16%
Dividend = ?
as , div = ( FV × n × d) /100
so ,
div = (100 × 20,000 × 16 ) /100
= 3,20,00,000/ 100
= 3,20,000
Hope this ans would help you
Thank u ☺️☺️
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