Question

If the dividend received from 9% of ₹ 20 shares is ₹ 1,620, then find the number of shares.

Answer 1

Income = Number of shares × Face value of a share × Rate of dividend

1620 = Number of shares × 20 × `9/100`

Number of shares = `(1620 xx 100)/(20 xx 9)` = 900 shares