A company with 4000 shares of nominal value of Rs 110 each declares an annual dividend of 15. Calculate the total amount of dividend paid by the company.
A
66,000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
56,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
46,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A66,000 Given that total shares (N) =4000
Rate of dividend declare on one share (r) =15
And value of share =Rs 110
Then total dividend =r100×N×V=15100×4000×110=Rs66000