Question

Pankaj owns 500 shares of Rs 10 each. Find his income, if 14% dividend is declared on these shares in a certain year.​

Answer 1

Answer:

Total Income is Rs 700

Explanation:

Given :

• No. of Shares = 500 Shares

• F.V. = Rs 10 each

• Dividend = 14 %

To find :

• His income

Solution :

⇒ 14 % of 10

⇒ 1.4

⇒ 1.4 × 500

⇒ 700

Or

Total dividend = Rate of dividend × F.V. × No. of shares

⇒ $\dfrac{14}{100} \times 10 \times 500$

⇒ 700

Total Income = Rs 700

∴ Total Income is Rs 700

Answer 2

Given :

Total share of Pankaj = 500

Cost of 1 share = ₹10

Dividend = 14%

To Find :

Shares on certain year

Solution :

According to the question

We have to find

14% of one share

14% of 10

14/100 × 10

14/10 = 1.4

Now,

Income of 500 shares = 1.4 × 500 = 700