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Question

Satish invests a certain amount of money in 200, Rs. 60 shares of a company by paying a dividend of 8%. Find his annual income from the investment.

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Solution

Face value of the share = Rs. 60
Number of shares bought = 200
Rate of dividend paid = 8%
Annual income from each share = 8100(60)=480100=Rs.4.8
Therefore,
Annual income Satish earned from 200 shares = 4.8×200=Rs.960

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