Rahul invested Rs. $1500$ in shares of a company paying $6 %$ per annum. If he bought Rs. $50$ shares for Rs. $100$ , find his annual income from his investment.

25

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35

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45

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55

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Solution

The correct option is C $45$
Market value of each share $=$ Rs. $100$
Number of shares bought $=$ $\frac{1500}{100} = 15$
Nominal value $=$ Number of shares $\times$ face value
$= 15 \times 50 =$ Rs. $750$
Annual income or dividend $=$ dividend $%$ $\times$ nominal value
$=$ $\frac{6}{100} \times 750$
$=$ Rs. $45$
Therefore, the annual income from the investment is Rs. $45$ .

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Rahul invested Rs. 1500 in shares of a company paying 6% per annum. If he bought Rs. 50 shares for Rs. 100, find his annual income from his investment.

The correct option is C 45Market value of each share = Rs. 100Number of shares bought = 1500100=15Nominal value = Number of shares × face value=15×50= Rs. 750Annual income or dividend = dividend % × nominal value= 6100×750= Rs. 45Therefore, the annual income from the investment is Rs. 45.

Rahul invested Rs. $1500$ in shares of a company paying $6 %$ per annum. If he bought Rs. $50$ shares for Rs. $100$ , find his annual income from his investment.