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

₹800

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₹ 1000

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₹ 750

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₹600

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Solution

The correct option is D ₹600
Market value of each share = ₹75.

No. of share bought by Rakesh

$= \frac{Sum invested}{M.V. of one share}$

$= \frac{15000}{75}$

$= 200$

$Income = No. of shares \times Rate of dividend \times N.V. of each share$

Income = $200 \times \frac{6}{100} \times 50 = ₹ 600$

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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

The correct option is D ₹600Market 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