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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:

Correct Answer: 648

Explanation:

Number of shares =  4455 8 . 25 = 540.


 


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


 


Annual income =  R s . 12 100 * 5400  = Rs. 648.


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