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Satish invests a ceratin amount of money...

Satish invests a ceratin amount of money in 200, Rs. 60 shares of a company by paying a dividend of 8%. Find his annual income from the investment.

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Face value of the share = Rs. 60
Number of shares bought `= 200`
Rate of dividend pair =8%
Annual income from each share `=8/100 (60)=480/100=` Rs. 4.80
`:.` Annual income Satish earned from 200 shares `=4.8xx200=` Rs. 960.
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