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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: 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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