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1. 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
(D): Rs. 655.60
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By: guest on 01 Jun 2017 05.48 pm
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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