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1. 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:

A. Rs. 207.40

B. Rs. 534.60

C. Rs. 648

D. Rs. 655.60

Solution:

\begin{aligned} Number of shares \\ = \frac{4455}{8.25} \\ = 540 \\ Face value \\ = R s . (540 \times 10) \\ = R s . 5400 \\ Annual income \\ = R s . (\frac{12}{100} \times 5400) \\ = R s . 648 \end{aligned}

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