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Question

Rakesh invested ₹15000 in shares of a company paying 6% dividend per annum. If he bought ₹50 share for ₹75 each. His income from the investment will be


A
₹800
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B
₹ 1000
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C
₹ 750
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D
₹600
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Solution

The correct option is D ₹600

Market value of each share = ₹75.

No. of share bought by Rakesh

=Sum investedM.V. of one share

=1500075

=200

Income=No. of shares×Rate of dividend×N.V. of each share

Income = 200×6100×50=600


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