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 = $\left(\frac{4455}{8.25}\right)$ = 540. Face value = Rs. (540 x 10) = Rs. 5400. Annual income = Rs. $\left(\frac{12}{100}x5400\right)$ = Rs. 648.