Find the dividends received on 60 shares of Rs 20 each if 9% dividend is declared. - Noon Academy

Find the dividends received on 60 shares of Rs 20 each if 9% dividend is declared.

Class 10 | Exercise 1 | ICSE | Maths | ML Aggarwal | Shares and Dividends

Find the dividends received on 60 shares of Rs 20 each if 9% dividend is declared.

According to ques, value of shares

$=\text{ }Rs.\text{ }20$

Hence, the value of 60 shares

$=\text{ }Rs.\text{ }20\text{ }\times \text{ }60$

$=\text{ }Rs.\text{ }1200$

According to ques, that rate of dividend

$=\text{ }9%$

Hence, total dividend

$=\text{ }Rs.\text{ }1200\text{ }\times \text{ }9%$

$=\text{ }1200\text{ }\times \text{ }\left( 9/100 \right)$

$=\text{ }Rs\text{ }108$

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