Find dividend (in rupees) if the rate of dividend is 10%, and FV = 85 (in rupees).
Express the following in rupees using decimals.
50 rupees and 85 paise
A man invests ₹ 8000 in buying shares of a company of face value of rupees hundred each at a premium of 10%. If he earns ₹ 1200 at the end of the year as dividend, then find the i) number of shares he has in company and ii) dividend percent per share