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:
Question
Solution 1
The man bought the shares at a discount, so first we need to find out how many shares he bought.
Step 1: Calculate the number of shares Number of shares = Total investment / Cost price per share Number of shares = 4455 / 8.25 = 540 shares
Step 2: Calculate the dividend received per share Dividend Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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