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 :

$\begin{array}{rl}& \text{Number}\phantom{\rule{thinmathspace}{0ex}}\text{of}\phantom{\rule{thinmathspace}{0ex}}\text{shares}\\ & =\left(\frac{4455}{8.25}\right)\\ & =540.\\ & \text{Face}\phantom{\rule{thinmathspace}{0ex}}\text{value}\\ & =Rs.\phantom{\rule{thinmathspace}{0ex}}\left(540×10\right)\\ & =Rs.\phantom{\rule{thinmathspace}{0ex}}5400.\\ & \text{Annual}\phantom{\rule{thinmathspace}{0ex}}\text{income}\\ & =Rs.\phantom{\rule{thinmathspace}{0ex}}\left(\frac{12}{100}×5400\right)\\ & =Rs.\phantom{\rule{thinmathspace}{0ex}}648.\end{array}$