Question

Find the dividend received on 60 shares of Rs, 20 each if 9% dividend is declared.

Answer 1

Value of one share = Rs.20
Value of 60 shares = Rs.20 x 60
= Rs.1200
Rate of dividend = 9%
Total dividend = Rs.1200 x 9%

= `"Rs."1200 xx (9)/(100)`
= Rs.108..