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Question
A man invests Rs. 8000 in a company paying 8% dividend when a share of face value of Rs. 100 is selling at Rs. 60 premium,
(i) What is his annual income,
(ii) What percent does he get on his money?
Solution
Amount invested by the man in a company = Rs. 8000
Face value = Rs. 100 and Selling Price = Rs. 60
⇒ Market value = 100 + 60 = Rs. 160
So, No. of shares = `"investment"/"market value"`
= `8000/160`
= 50
(i) Therefore, Income = (dividend × face value × No of shares)
= 0.08 × 100 × 50
= Rs. 400
Hence, Annual Income = Rs. 400
Rate of dividend = 8% p.a.
(ii) Rate of interest on his money
= `(400 xx 100)/(8000)`
= 5%.
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