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Q: A man invested Rs 4,455 in Rs 10 shares and quoted 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

Answer and Explanation

Answer:Rs 648    

Explanation:
No. of shares = (4455/8.25) = 540
Face value = Rs (540 * 10) = 5400
Annual income = Rs (12/100 * 5400) = Rs 648

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