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Stocks and Shares
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:
Rs. 207.40
Rs. 534.60
Rs. 648
Rs. 655.60
Correct Answer:
Rs. 648
Explanation:
Number of shares =
❨
4455
❩
= 540.
8.25
Face value = Rs. (540 x 10) = Rs. 5400.
Annual income = Rs.
❨
12
x 5400
❩
= Rs. 648.
100
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