Rohit invested Rs.39,600 in buying shares of nominal value of Rs.100 a – InterviewSolution

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1.	Rohit invested Rs.39,600 in buying shares of nominal value of Rs.100 at a 20% premium. The dividend paid to him was at 6% per annum. Find his annual income. (in Rs.)
Answer» 1950 1980 1920 2010 Solution :FACE value/share=RS.100 Premium/share `=20%` of Rs.100 = Rs.20 Market value/share (in Rs.) = `100+20=120` Total market value = Rs.39,600 `"NUMBER of shares bought"=(39,600)/(12)=330` Dividend rate `=6%` per annum `"Anuual INCOME/share"=(6)/(100)("Rs. 100")` = Rs.6 Total annual income (in Rs.) = (330)(6) = Rs.1982.

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