14. 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
Number of shares
|
= Rs.
|
|
4455
|
|
= Rs. 540
|
8.25
|
Face value = Rs.(540 × 10) = Rs. 5400.
Annual Income
|
= Rs.
|
|
12
|
x 5400
|
|
= Rs. 648
|
100
|
