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Question
Find the dividend received on 60 shares of Rs, 20 each if 9% dividend is declared.
Solution
Value of one share = Rs.20
Value of 60 shares = Rs.20 x 60
= Rs.1200
Rate of dividend = 9%
Total dividend = Rs.1200 x 9%
= `"Rs."1200 xx (9)/(100)`
= Rs.108..
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