Question

A man invested Rs 6200 in 6% shares at Rs 124 How much dividend will be get?
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Answer 1

Answer:

Step-by-step explanation:

∴ For ` 6200, he gets 6200 124 = 60 shares.

Dividend at 6% = 60 × 6 = ` 360.

hope it helps ya...

Answer 2

The value of dividend is 300.

Step-by-step explanation:

Given:

Total investment =Rs.6200.

Rate of dividend = 6%

Market Value of each share = Rs. 124.

To Find:

The value of dividend.

Formula Used:

Dividend = (Investment x Rate of  dividend)/ Market Value of each share

Solution:

 Dividend = (Investment x Rate of dividend )/ Market Value of each share

  Dividend = (6200 x 6 )/ 124

                  =  300.

                                                                                               

Thus, the value  of the  Is 300.