A man invested Rs. 14,400 in Rs. 100 shares of a company at 25% premium.If the company declares 5% dividend at the end of the year,then how much does he get ?  Choose the most appropriate option:
A) Rs. 576 B) Rs. 600 C) Rs. 650 D) Rs. 720 E) None
Solution   Number of shares = (14400/125) = 115.2.   Face value = Rs. (100x115.2 ) = Rs. 11520.   Annual income = Rs.(5/100x11520) = Rs. 576.   Rs. 576nswer Rs. 576
<result>A</result>
A man invested Rs. 14,400 in Rs. 100 shares of a company at 25% premium.If the company declares 5% dividend at the end of the year,then how much does he get ?