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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

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 = 44558.25 = 540.
Face value = Rs. (540 x 10) = Rs. 5400.
Annual income = Rs. 12100 x 5400 = Rs. 648.
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