An amount of Rs 5000 is invested in a company's share.If the total dividend declared by the company is Rs 250 then find the rate of dividend paid by the company
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Investment=5000
Dividend=250
Let rate of dividend be x
Dividend=(Rate of Dividend/100) * Investment
250=(x/100)*5000
x = (250/5000)*100
x =0.05*100
x =5
Therefore, the rate of dividend is 5% per annum.
Dividend=250
Let rate of dividend be x
Dividend=(Rate of Dividend/100) * Investment
250=(x/100)*5000
x = (250/5000)*100
x =0.05*100
x =5
Therefore, the rate of dividend is 5% per annum.
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