What is the dividend due at the end of a year $3000$ shares of Rs. $50$ each, if the half yearly dividend is $20 %$ of the value of a share?

10000

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20000

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30000

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40000

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Solution

The correct option is C $30000$
Nominal value $=$ number of shares $\times$ face value
$= 3000 \times 50 =$ Rs. $150000$
Dividend $=$ dividend $%$ $\times$ nominal value
$= \frac{20}{100} \times 150000 =$ Rs. $30000$ .

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