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Question
If the dividend received from 9% of ₹ 20 shares is ₹ 1,620, then find the number of shares.
Solution
Income = Number of shares × Face value of a share × Rate of dividend
1620 = Number of shares × 20 × `9/100`
Number of shares = `(1620 xx 100)/(20 xx 9)` = 900 shares
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