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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.

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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
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