# Calculate the Annual Income of the Following: - Mathematics

Sum

Calculate the annual income of the following:

60 shares of Rs 100 each available at Rs 75 and paying 5% dividend.

#### Solution

No. of shares = 60

Price of each share = Rs 100

Face value of 60 shares= Rs(100 x 60) = Rs 6,000

Dividend = 5 %

Therefore, Annual Income = Rs (5 xx 6000)/100 = Rs 300

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#### APPEARS IN

Frank ICSE Class 10 Mathematics Part 2
Chapter 4 Shares and Dividends
Exercise 4.1 | Q 2.3 | Page 60