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Rahul bought 30 shres at Rs.160 each. Th...

Rahul bought 30 shres at Rs.160 each. The par value of each share was Rs. 150. The dividend paid to him was at `6%` per annum. By how much did his total investment exceed his total annual income? (in Rs.).

A

4530

B

4430

C

4630

D

4330

Text Solution

Verified by Experts

Face value/share = Rs.150
Annual income/share = `6%`(Rs.150) = Rs.9
Total annual income = (30) (Rs.9) = Rs.270
Total investment = (30)(Rs.160) = Rs.4800
`therefore` The required vlaue = Rs.4800 - Rs.270 = Rs.4530.
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