A Man investes Rs 22,400 in a company paying 6% per annum when its Rs 100 shares can be bought for Rs 140.Find:-
(i) His annual dividend.
(ii)His percentage income on his investment.
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N.V = 100
M.V = 140
no of shares = 22400/140 = 160
I)dividend = 100 x 160 x 6/100 = 960
ii) percentage income
= (960/22400 x 100)%
=4.29% [approx]
M.V = 140
no of shares = 22400/140 = 160
I)dividend = 100 x 160 x 6/100 = 960
ii) percentage income
= (960/22400 x 100)%
=4.29% [approx]
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