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:

Option :

Answer:Option 1

Explanation:

Solution:
Numberofshares=(44558.25)=540.Facevalue=Rs.(540×10)=Rs.5400.Annualincome=Rs.(12100×5400)=Rs.648.

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