Question

what is the rate of dividend, if dividend of 24 rupees is received on 3 shares of face value 100 rupees​

Answer 1

Rate of Dividend = 8 %  if dividend of 24 rupees is received on 3 shares of face value 100 rupees​

Step-by-step explanation:

dividend of 24 rupees is received on 3 shares

=> Dividend received on 1 Share = 24/3

=> Dividend received on 1 Share = Rs 8

Face value of Share  = Rs 100

Let say rate of dividend  = R %

Dividend = (R/100) * Face Value of Share

=> 8  = (R/100) * 100

=> R = 8

Rate of Dividend = 8 %  if dividend of 24 rupees is received on 3 shares of face value 100 rupees​

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