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Hari invested Rs.24,000 in buying shares...

Hari invested Rs.24,000 in buying shares worth Rs.300 each. The dividend paid to him was Rs.20 per share. Find his total annual income from the shares. (in Rs.)

A

1200

B

2000

C

2400

D

1600

Text Solution

Verified by Experts

The correct Answer is:
D
Total investment = Rs.24,000
Cost of each share = Rs.300
`"Number of shares bought"=(24000)/(300)=80`
`"Annual income/share"="Rs."20`
`"Total annual income (in Rs.)"=(80)(20)=1600.`
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