A man invested Rs. 45000
when he bought Rs. 100 shares
at Rs. 150. If 20% dividend is
declared, find his annual
income.
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Answer:
Total amount invested = Rs. 45000
Price of 1 share = Rs 150
Number of share = Total amount invested / Price of 1 share
Number of share = Rs. 45000/ Rs 150 = 300 share
Face value of each share = Rs 100
Dividend rate = 20 %
Annual income = Number of share * Face value * Dividend rate
Annual income = 300 * 100 * 20% = 600
Annual income is Rs. 600
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