4 man invests Rs 4800 in shares of a company which was paying 8% dividend at the time when a Rs 100 share cost Rs 160. Find his annual income from the shares.

₹240

The correct answer is option (4) : ₹240

Total investment $= ₹4800$

Market value of one share $= ₹160$

∴ No. of shares $=\frac{₹4800}{₹160}=₹30$

Dividend on 1 share of $₹100 = ₹8$

∴ Man's annual income $=₹(30×8)$ $=₹240$