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Ankit invests Rs. 18,000 in huying Rs. 2...

Ankit invests Rs. 18,000 in huying Rs. 270 shares in a company at a premium of Rs. 30. If the dividend paid is 10% per annum, then Ankit's annual income from these shares is _________.

A

Rs. 162

B

Rs. 1620

C

Rs. 16.20

D

Rs. 16,200

Text Solution

Verified by Experts

The correct Answer is:
B
First of all, the number of shares is to be found.
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