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Find the Annual Income Derived from 250, Rs. 60 Shares Paying 5% Dividend. - ICSE Class 10 - Mathematics

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Question

Find the annual income derived from 250, Rs. 60 shares paying 5% dividend.

Solution

Nominal value of 1 share = Rs. 60
Nominal value 250 shares = Rs. 60 × 250 = Rs. 15,000

Dividend = 5% of Rs. `15000 = 5 / 100 xx 15,000 = Rs . 750`

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Solution Find the Annual Income Derived from 250, Rs. 60 Shares Paying 5% Dividend. Concept: Shares and Dividends.
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