A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium. If his company declares 5% dividend at the end of the year, then how much does he get? Choose the most appropriate option:
A) 234
B) 600
C) 388
D) 278
E) 129
Explanation:   Number of shares = =120.   Face value = Rs.(100 x 120) = Rs.12000.   Annual income = = Rs. 600   Answer: 600) Rs.600
<result>B</result>
A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium. If his company declares 5% dividend at the end of the year, then how much does he get?