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:

1.

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

Explanation:

Number of shares =		4455		= 540.
		8.25

Face value = Rs. (540 x 10) = Rs. 5400.

Annual income = Rs.		12	x 5400		= Rs. 648.
		100

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