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Randeep invests Rs. 25,200 in buying sha...

Randeep invests Rs. 25,200 in buying shares of face value of Rs. 40 each at 5% premium. The dividend on these shares is 10% per annum. Find the dividend he receives annually.

A

Rs. 2520

B

Rs. 2400

C

Rs. 4200

D

Rs. 3680

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The correct Answer is:
B
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