Question

Mr. A invested Rs. 3100 in 6% shares at
Rs 124. How much dividend will be get
(face value Rs.100)
?​

Answer 1

Given : Mr. A invested Rs. 3100 in 6% shares at Rs 124.

To Find : How much dividend will he get

(face value Rs.100)

Solution:

Mr. A invested Rs. 3100 at Rs 124

Number of shares bought = 3100/124

= 25

Face value = Rs 100

Dividend 6 %  = (6/100)100 = Rs 6

Dividend per share = Rs 6

Dividend for 25 shares = 25 x 6 = Rs 150

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