Question

find the dividend received on 60 shares of rs 20 each if 9% dividend is declarex

Answer 1

nominal value(N.V) of 1 share =₹20
dividend =dividend % ×(N.V) × no.of share
dividend=9/100×20×60
dividend =₹108

therefore dividend received is ₹108

Answer 2

The dividend is Rs. 108.

To find : Dividend

Given :

Received on 60 shares of Rs. 20 each if 9% dividend is declared.

Formula used :

Dividend = Number of shares × Face value × Rate of dividend

From the given data :

Number of shares = 60 shares

Face value = Rs. 20

Rate of dividend  = 9%

Dividend = Number of shares × Face value × Rate of dividend

               = 60 × 20 × 9%

               = $1200\times 9 \times\frac{1}{100}$

               = $\frac{10800}{100}$

Dividend = Rs. 108

Therefore, the dividend is Rs. 108.

To learn more...      

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

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2. Find the dividend received on 60 shares of rupees 20 each is 9% dividend is declared

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