A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 6% his annual income is?

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Accepted Answer

Number of shares = 4455 / 8.25 = 540 Face value = Rs. (540 x 10) = Rs. 5400 Income = Rs. (6/100) x 5400 = Rs. 324

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