Q:
      
      
         
            
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:
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: B) 648         
         
Explanation: Number of shares = = 540.
 
Face value = Rs. (540 x 10) = Rs. 5400.
 
Annual income =  = Rs. 648.
       
      
      
      
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