A company with 4000 shares of nominal value of rs.110 declares annual dividend of 15%.Calculate the annual income of shah rukh who hold 88 shares in company.

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Solution

Annual Income $= \frac{r}{100} \times N o m i n a l v a l u e \times N u m b e r o f s h a r e s$
$= \frac{15}{100} \times 110 \times 88$
$= R s .1, 452$

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A company with 4000 shares of nominal value of rs.110 declares annual dividend of 15%.Calculate the annual income of shah rukh who hold 88 shares in company.

Annual Income =r100×Nominalvalue×Numberofshares=15100×110×88=Rs.1,452

Annual Income $= \frac{r}{100} \times N o m i n a l v a l u e \times N u m b e r o f s h a r e s$
$= \frac{15}{100} \times 110 \times 88$
$= R s .1, 452$