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.

Number of shares =

(\frac{4455}{8.25})

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

(\frac{12}{100} x 5400)

= Rs. 648.

Comment

Sakshi invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125.…
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money.…
A 12% stock yielding 10% is quoted at
A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends…
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage…
By investing in 16% stock at 64, one earns Rs. 1500. The investment made is:
Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes.…
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual…
A 6% stock yields 8%. The market value of the stock is
The cost price of a Rs. 100 stock at 4 discount, when brokerage is 14%, is-
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock…
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 1312. The rate of interest…
Which is better investment: 11% stock at 143 or 934% stock at 117?