Question

The face value of each share is Rs 10. If dividend is 16% then what will be the income from 600 shares ?

EXPLAIN STEP-BY-STEP

Answer 1

FV = 10

Share=600

TOTAL AMOUNT = 600×10

= 6000

DIVIDEND= 16%

DIVIDEND INCOME = 16 % OF TOTAL AMOUNT

16/100× 6000

960

Income= rs 960

Answer 2

Face Value= Rs 10

Shares=600

TOTAL AMOUNT = Face Value*Shares

Total Amount=600*10

Total Amount=6000

dividend = 16%

 INCOME = 16 % * Total Amount

Income= 16%× 6000

Income=960

Income= Rs 960