Question

A dividend of 9% was declared on Rs.100 shares selling at a certain price. If the rate of return is 7 ½%.

Find the amount to be invested to obtain an annual dividend of Rs.630?

• A. Rs. 8,000
• B. Rs. 8,100
• C. Rs. 8,200
• D. Rs. 8,300
• E. Rs. 8,400

Answer 1

The correct option is E

Rs. 8,400