Question

Total $3000$ shares are purchased at MV of $Rs.30$ interest % was $14$%. What is the total annual dividend value when dividend % is $12$%.

• A. $12000$
• B. $12600$
• C. $12700$
• D. None

Answer 1

The correct option is B $12600$

Total amount invested$=3000\times 30=90000$
Interest earn $=14$% of $90000=Rs.12600$
Total annual dividend $=12600$