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A man invested Rs 14400 in Rs 100 shares of a...

This question belongs to Arithmetic Ability Stocks And Shares
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A man invested Rs. 14400 in Rs. 100 shares of a company at 20% premium. If the company declares 5% dividend at the end of the year, then how much does he get ?

Answer & Solution
Correct Answer: Option B
Number of shares
= $$\left( {\frac{{14400}}{{120}}} \right)$$  
= 120
Face value
= Rs. (100 × 120)
= Rs. 12000
Annual income
= Rs. $$\left( {\frac{5}{{100}} \times 12000} \right)$$  
= Rs. 600
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