Find the dividend due at the end of a year on 500 shares of ₹ 75 each, if half-yearly dividend is 4%

₹ 2500

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₹ 3000

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₹ 2000

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₹ 1500

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Solution

The correct option is B
₹ 3000

Half - yearly dividend on 1 share = 4% of ₹ 75 so yearly dividend on 1 share = 8% of ₹ 75

Total dividend = No. of shares $\times$ Dividend rate % $\times$ N.V of each share.

$= 500 \times \frac{8}{100} \times 75 = ₹ 3000$

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