Question

A person has 560 shares of a company. The face value of each share is ₹ 25 and company declares a dividend of 9%. The dividend that person will get is ______.

Options

• ₹ 1120

• ₹ 1170

• ₹ 1200

• ₹ 1260

Answer 1

A person has 560 shares of a company. The face value of each share is ₹ 25 and company declares a dividend of 9%. The dividend that person will get is ₹ 1260.

Explanation:

Given:

Number of shares = 560

Face value per share = ₹ 25

Dividend rate = 9%

Dividend per share = 9% of ₹ 25

`9/100xx25`

= ₹ 2.25

Total dividend = 560 × ₹ 2.25

= ₹ 1260