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Prateek Asked :

13-01-2022 Stocks and Shares

Q. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:

A. Rs. 207.40
B. Rs. 534.60
C. Rs. 648
D. Rs. 655.60





DapzoiVerified
Commented on 2022-01-15
Answer: Option C

 

Explanation:

Number of shares =  (4455/8.25) = 540.

Face value = Rs. (540 x 10) = Rs. 5400.

Annual income = Rs. 12/100 x 5400 = Rs. 648.

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