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
B.Rs. 534.60
C.Rs. 648
D.Rs. 655.60

Answer 1

Answer:

C) Rs. 648

Step-by-step explanation:

Number of shares = 44558.25= 540.

Face value = Rs. (540 x 10) = Rs. 5400.

Annual income = Rs.(12100*5400) = Rs. 648.

Answer is C) Rs.648

Answer 2

Solution :-

His Annual income is 648 RS

Given .

A man invested 4455 RS in 10 shares

Rate of dividend 12%

Annual income= ?

No. of shares= 4455/8.25 =540

income on shares=540×10

=> 5400

annual income=12×5400/100

=> 648

A man annual income is RS 648

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@GauravSaxena