A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium.If the company declares 5% dividend at the end of the year,then how much does he get ?  Pick
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.(5/100x12000) = Rs. 600.   Answer Rs. 600
<result>B</result>
A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium.If the company declares 5% dividend at the end of the year,then how much does he get ?