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What is the correct answer?
4
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. 648.00
D.
Rs. 655.60
Correct Answer :
C. Rs. 648.00
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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