A man invested Rs. 4940 in Rs. 10 shares quoted at Rs. 9.50. If the rate of dividend be 14%, his annual income is Choose the correct choice from the following answers
A) Rs.728 B) Rs.648 C) Rs.720 D) Rs.622 E) Rs.722
Explanation :   Market Value of a share = Rs.9.50   Investment = Rs.4940   Number of shares = 4940/9.50= 
<gadget id="calculator">4940/9.50</gadget>
<output>520</output>
520   Face Value of a share= Rs.10   dividend = 14%   dividend per share = (10×14)100 = Rs. 1.4   His annual income = 520 × 1.4 = Rs.728   Rs.728nswer : Option Rs.728
<result>A</result>
A man invested Rs. 4940 in Rs. 10 shares quoted at Rs. 9.50. If the rate of dividend be 14%, his annual income is