24.A man invested Rs. 14,400 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?
A. Rs. 500
B. Rs. 600
C. Rs. 650
D. Rs. 720
Answer:
Option : B
Number of shares
|
= Rs.
|
|
14400
|
|
120
|
Face value = Rs.(100 x 120) = Rs. 12000.
Annual Income
|
= Rs.
|
|
5
|
x 12000
|
|
= Rs. 600
|
100
|
|
