If Ravi holds 100 shares of nominal value ₹100 each declares an anual dividend of 14%, then annual income of Ravi is

₹ 14

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₹ 14

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₹ 1400

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₹ 14000

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Solution

The correct option is C ₹ 1400
Given, No. of shares Ravi holds = 100,
nominal value of share = ₹ 100
Income obtained to Ravi = No. of shares $\times$ Income obtained from one share
Income from one share = dividend% of nominal value
= 14% of 100
= ₹ 14
$∴$ Income from 100 shares = 100 $\times$ 14
= ₹ 1400

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