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

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 1000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 750

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹600

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

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

Suggest Corrections

Similar questions

Q. 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.

A man invests ₹ 15000 in a company paying 6 % dividend when its ₹ 100 shares can be bought for ₹ 150. Find

i) the number of shares he bought

ii) his annual income

iii) his percentage income on his investment

Ajeet invests ₹ 9000 in a company paying a dividend of 6% per annum when its ₹ 100 shares can be bought for ₹ 150. Find :-

i) his annual income

ii) If he sells 50% of his shares at ₹ 200 each, what is his gain in this transaction?

Manikanta invested ₹1000 in an oil company. The nominal value of the share is ₹9 and the market value is ₹10. The company is paying 8% dividend per annum. The number of shares bought by him and his income from the investment are respectively ____.

A man invests Rs 3.072 in a company paying 5 % per annum, when its Rs 10 share can be bought for Rs 16 each. Find :

(i) his annual income;

(ii) his percentage income on his investment.

Join BYJU'S Learning Program

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