A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium.If the company declares 4% dividend at the end of the year,then how much does he get ?  Select the correct option
A) Rs. 500
B) Rs. 600
C) Rs. 650
D) Rs. 720
E) None
Solution   Number of shares = (14400/120)= 
<gadget id="calculator">(14400/120)</gadget>
<output>120</output>
120.   Face value= Rs. (100x120 ) = Rs. 12000.   Annual income = Rs.(4/100x12000) = Rs. 480.   Answer None
<result>E</result>
A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium.If the company declares 4% dividend at the end of the year,then how much does he get ?