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 ? Choose the correct option:
A) 500  B) 600  C) 650  D) 700  E) 750
No of shares = 14400/120= 
<gadget id="calculator">14400/120</gadget>
<output>120</output>
120   Face value= 100*120= 
<gadget id="calculator">100*120</gadget>
<output>12_000</output>
12000   Annual income= 5/100*12000= 
<gadget id="calculator">5/100*12000</gadget>
<output>600</output>
600   ANSWER 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 ?