A man invests Rs 10,560 in a company, paying 9% dividend, at the time when its Rs 100 shares can be bought at a premium of Rs 32. Find:
his annual income from these shares and

Answer

To solve the problem step by step, we need to find the annual income from the shares based on the given information.

### Step 1: Understand the Investment and Share Details
- The man invests Rs 10,560.
- The company pays a 9% dividend.
- The nominal value (face value) of the shares is Rs 100.
- The premium on the shares is Rs 32.

### Step 2: Calculate the Market Value of Each Share
The market value of each share can be calculated using the formula:
\[ \text{Market Value} = \text{Nominal Value} + \text{Premium} \]
Substituting the values:
\[ \text{Market Value} = 100 + 32 = 132 \]

### Step 3: Calculate the Number of Shares Purchased
To find the number of shares, we use the formula:
\[ \text{Number of Shares} = \frac{\text{Investment}}{\text{Market Value of Each Share}} \]
Substituting the values:
\[ \text{Number of Shares} = \frac{10,560}{132} \]
Calculating this gives:
\[ \text{Number of Shares} = 80 \]

### Step 4: Calculate the Annual Income from the Shares
The annual income can be calculated using the formula:
\[ \text{Annual Income} = \left(\frac{\text{Dividend Percentage}}{100}\right) \times \text{Number of Shares} \times \text{Nominal Value} \]
Substituting the values:
\[ \text{Annual Income} = \left(\frac{9}{100}\right) \times 80 \times 100 \]
Calculating this gives:
\[ \text{Annual Income} = 720 \]

### Final Answer
The man's annual income from these shares is Rs 720.

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