Niharika invested Rs 100000 to purchase shares of kantipur finance, each cost Rs 100 .After 5 years the finance earned Rs2000000 and decided to distribute 40% dividend. find how much amount was got by Niharika as dividend, if total number of shares in the finance is 80000.
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Rs. 100 is the face value of each share.
Niharika invested Rs. 1,00,000.
Therefore, she owns Rs. 1,00,000 / 100 = 1000 shares
40% dividend means 40% of the face value, which is equal to Rs. 40
Therefore, Niharika's share of the dividend = Rs. 40 x 1000 shares that she owns
= Rs. 4000
Niharika invested Rs. 1,00,000.
Therefore, she owns Rs. 1,00,000 / 100 = 1000 shares
40% dividend means 40% of the face value, which is equal to Rs. 40
Therefore, Niharika's share of the dividend = Rs. 40 x 1000 shares that she owns
= Rs. 4000
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