Question

Find the dividend received on 60 shares of ₹ 20 each if 9% dividend is declared

Answer 1

No. of shares=60
Face value (FV)= Rs 20
Dividend= 9%
Dividend on one share= 9% of FV
=9/100*20
=Rs 1.8
Dividend on 60 shares= 1.8*60
=108