The dividend received on 60 shares of Rs, 20 each if 9% dividend is declared

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 × 60
= Rs. 1200

ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3 Q1.1

A company declares 8 percent dividend to the share holders. If a man receives Rs. 2840 as his dividend, find the nominal value of his shares.

Solution:

Rate of dividend = 8%
Amount of dividend = Rs. 2840

ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3 Q2.1

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