Shikha buys shares at the par value of ₹20 in a company, paying $12 %$ dividend. Find the number of shares bought by her, if she receives an annual income of ₹5760.

700

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1200

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2400

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3600

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Solution

The correct option is C
2400

Total income = ₹5760

Income on one share = $(12 % of ₹ 20) = ₹ (\frac{12}{100} \times 20) = 2.4$

Number of shares $= \frac{Total investment}{Income on 1 share} = \frac{5760}{2.4} = 2400$

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Shikha buys shares at the par value of ₹20 in a company, paying 12% dividend. Find the number of shares bought by her, if she receives an annual income of ₹5760.

The correct option is C 2400 Total income = ₹5760 Income on one share = (12% of ₹ 20)=₹(12100×20)=2.4 Number of shares =Total investmentIncome on 1 share=57602.4=2400

Shikha buys shares at the par value of ₹20 in a company, paying $12 %$ dividend. Find the number of shares bought by her, if she receives an annual income of ₹5760.

The correct option is C
2400

Total income = ₹5760

Income on one share = $(12 % of ₹ 20) = ₹ (\frac{12}{100} \times 20) = 2.4$

Number of shares $= \frac{Total investment}{Income on 1 share} = \frac{5760}{2.4} = 2400$