Multiple choice

A steel organisation with 6,000 shares of nominal value of Rs. 150 each declares an annual dividend of 18%. What is the annual income of Rahul who holds 98 shares in the organisation?

  1. Rs. 2,646

  2. Rs. 646

  3. Rs. 3,646

  4. Rs. 246

  5. Rs. 264
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Income from each share = 18% of Rs. 150 = Rs. 27 Income from 98 shares = Rs. 27 x 98 = Rs. 2,646

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