Question

Find the annual income derived from 125 ,Rs 120 shares paying 5% divided

Answer 1

No. of shares : 125
Nominal Value(N.V) : Rs.120
Div% : 5%
Formula:
= Dividend = No. of shares * Div% * N.V
= Dividend = 125 * 5/100 * 120
= Dividend = Rs.750


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Answer 2

Answer: Rs.750

Step-by-step explanation:

N.V of 1 share = Rs.60

N.V of 250 shares = 60 x 250

                                = Rs.15,000

Dividend(income) = 5% of 15,000

                               = Rs.750