A. Rs. 500**B. Rs. 600**

C. Rs. 650

D. Rs. 720

Number of shares= (14400 / 120) =120.

Face value=Rs.(100×120) =Rs.12000.

Annual Income= Rs.(5/100×12000) =Rs. 600.

**Correct Answer: **B. Rs. 600 ✔

Last Updated: **October 07, 2019**

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→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?

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A. Rs. 500**B. Rs. 600**

C. Rs. 650

D. Rs. 720

Number of shares= (14400 / 120) =120.

Face value=Rs.(100×120) =Rs.12000.

Annual Income= Rs.(5/100×12000) =Rs. 600.

**Correct Answer: **B. Rs. 600 ✔

Last Updated: **October 07, 2019**