1.

If the dividend received from 9% of Rs 20 shares is Rs 1,620, find the number of shares.

Answer»

Income = Number of shares x Face value of a share x Rate of dividend 

1620 = Number of shares x 20 x \(\frac{9}{100}\)

Number of shares = \(\frac{1620\times100}{20\times9}\) = 900 shares



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