A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:

A. Rs. 207.40

B. Rs. 534.60

C. Rs. 648

D. Rs. 655.60

Answer: Option C

Solution(By Examveda Team)

$$\eqalign{ & {\text{Number}}\,{\text{of}}\,{\text{shares}} \cr & = {\frac{{4455}}{{8.25}}} \cr & = 540 \cr & {\text{Face}}\,{\text{value}} \cr & = Rs.\,\left( {540 \times 10} \right) \cr & = Rs.\,5400 \cr & {\text{Annual}}\,{\text{income}} \cr & = Rs.\,\left( {\frac{{12}}{{100}} \times 5400} \right) \cr & = Rs.\,648 \cr} $$