Satish invests a certain amount of money in 200, Rs. 60 shares of a company by paying a dividend of 8%. Find his annual income from the investment.

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Solution

Face value of the share = Rs. 60
Number of shares bought = 200
Rate of dividend paid = 8%
Annual income from each share = $\frac{8}{100} (60) = \frac{480}{100} = R s . 4.8$
Therefore,
Annual income Satish earned from 200 shares = $4.8 \times 200 = R s . 960$

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Satish invests a certain amount of money in 200, Rs. 60 shares of a company by paying a dividend of 8%. Find his annual income from the investment.

Face value of the share = Rs. 60Number of shares bought = 200Rate of dividend paid = 8%Annual income from each share = 8100(60)=480100=Rs.4.8Therefore,Annual income Satish earned from 200 shares = 4.8×200=Rs.960

Face value of the share = Rs. 60
Number of shares bought = 200
Rate of dividend paid = 8%
Annual income from each share = $\frac{8}{100} (60) = \frac{480}{100} = R s . 4.8$
Therefore,
Annual income Satish earned from 200 shares = $4.8 \times 200 = R s . 960$