Ajay owns 560 shares of a company. The face value of each share is Rs 25. The company declares a dividend 0f 9%. Calculate (i) The dividend that Ajay will get (ii) The rate of interest, on his investment if Ajay has paid Rs. 30 for each share.

Home » Ajay owns 560 shares of a company. The face value of each share is Rs 25. The company declares a dividend 0f 9%. Calculate (i) The dividend that Ajay will get (ii) The rate of interest, on his investment if Ajay has paid Rs. 30 for each share.

Ajay owns 560 shares of a company. The face value of each share is Rs 25. The company declares a dividend 0f 9%. Calculate (i) The dividend that Ajay will get (ii) The rate of interest, on his investment if Ajay has paid Rs. 30 for each share.

According to ques, number of shares

$=\text{ }560$

Face value of each share

$=\text{ }Rs\text{ }25$

Rate of dividend

$=\text{ }9%\text{ }per\text{ }annum$

Total face value of 560 shares

$=\text{ }25\text{ }\times \text{ }560$

$=\text{ }Rs\text{ }14000$

(i) Amount of dividend

$=\text{ }14000\text{ }\times \text{ }\left( 9/100 \right)$

$=\text{ }Rs\text{ }1260$

(ii) Market value of each share

$~=\text{ }Rs\text{ }30$

Total investment

$=\text{ }30\text{ }\times \text{ }560$

$=\text{ }Rs\text{ }16800$

Hence, percentage of interest on his investment

$=\text{ }\left( 1200\text{ }\times \text{ }100 \right)/\text{ }16800$

$=\text{ }7.5%$

i

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