A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of divi

Question

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:

Options:

A . Rs. 207.40

B . Rs. 534.60

C . Rs. 648

D . Rs. 655.60

Answer: Option C

Number of shares = \(\left(\frac{4455}{8.25}\right)\) = 540.

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

Annual income = Rs. \(\left(\frac{12}{100}\times5400\right)\) = Rs. 648.

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