A man has 62 shares of ₹ 100 each, dividend is 7.5 % per annum. If he wants to increase his annual income by ₹ 150, then he should buy more shares.

Question

A man has 62 shares of ₹ 100 each, dividend is 7.5 % per annum. If he wants to increase his annual income by ₹ 150, then he should buy more shares. (A) 20 (B) 40 (C) 10 (D) 30

Tardigrade Admin · Accepted Answer

Find annual income from one share.

Q. A man has 62 shares of ₹100 each, dividend is 7.5% per annum. If he wants to increase his annual income by ₹150, then he should buy more shares.

20

40

10

30

Find annual income from one share.

Q. A man has 62 shares of $₹100$ each, dividend is $7.5%$ per annum. If he wants to increase his annual income by $₹150$ , then he should buy more shares.