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
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