A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is: Answers.
A) Rs. 207.40 B) Rs. 534.60 C) Rs. 648 D) Rs. 655.60 E) Rs. 555
Explanation:   Number of shares =4455/8.25= 
<gadget id="calculator">4455/8.25</gadget>
<output>540</output>
540   Face value= Rs. (540 x 10) = Rs. 5400.   Annual income = Rs. 12/100*5400 =Rs. 648   ANSWER IS Rs. 648
<result>C</result>
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is: