Question

Mr. Manilal purchased 90 shares of FV ₹100 for MV ₹115. Company declared 9% dividend on the shares. Find : a) sum invested. b) dividend received. c) rate of return.
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Answer 1

Amount invested = Rs 10350 , Dividend Received  = 810  Rs , Rate of return

= 7.826 %

Step-by-step explanation:

Mr. Manilal purchased 90 shares of FV ₹100 for MV ₹115

Amount invested = MV * number of Shares

= 115 * 90

= 10350

9 % Dividend on FV    =  (9/100)100 = Rs 9 per share

Dividend Received  = 90 * 9  = 810  Rs

Rate of return  = (810/10350) * 100

= 7.826 %

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