A company issued 20000 shares of par value Rs. 10 each. If the total divided declared by the company is Rs.24000, find the rate of dividend paid by the company.	Choose the correct choice from the following
A) 10  B) 11  C) 12  D) 13  E) 15
Number of shares = 20000   Face value of each share = Rs.10   divided per share = 10×R/100 where R is the rate of interest   Total divided = 20000×10×R/100   20000×10×R/100=24000   ⇒R=24000/2000= 
<gadget id="calculator">24000/2000</gadget>
<output>12</output>
12   ie, divided= 12%   Answer is 12.
<result>C</result>
A company issued 20000 shares of par value Rs. 10 each. If the total divided declared by the company is Rs.24000, find the rate of dividend paid by the company.