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

Income on one share = $= (12 % o f R s 20) = R s (\frac{12}{100} \times 20) = 2.4$

Number of shares $= \frac{T o t a l i n v e s t m e n t}{I n c o m e o n 1 s h a r e} = \frac{5760}{2.4} = 2400$

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

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

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

The correct option is C
2400

Total income = Rs 5760

Income on one share = $= (12 % o f R s 20) = R s (\frac{12}{100} \times 20) = 2.4$

Number of shares $= \frac{T o t a l i n v e s t m e n t}{I n c o m e o n 1 s h a r e} = \frac{5760}{2.4} = 2400$