A owns 500 shares of Rs 10 each . Find A's income, if 14% dividend is declared on these shares in a certain year.
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : ₹700
Dividend on one share of $₹10 =₹\left(\frac{14}{100}×10\right)$
∴ A's income $=₹500×1.4=₹700$