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ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends
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A company with 10000 shares of nominal value of Rs 100 declares an annual dividend of 8% to the share holders.
(i) Calculate the total amount of dividend paid by the company
(ii) Ramesh bought 90 shares of company at Rs 150 per share.
Calculate the dividend he received and the percentage return on his investment.
(i) Given number of shares = 10000
Nominal value of each share = Rs 100
Rate of annual dividend = 8%
Total face value of 10000 shares = 100 × 10000
= Rs 1000000
Dividend = (1000000 × 8)/ 100
= Rs 80000
(ii) Number of shares = 90
Face value of each share = Rs 150
Total face value of 90 shares = 100 × 90
= Rs 9000
Therefore amount of dividend = (9000 × 8)/ 100
= Rs 720
Market value of 90 shares = 90 × 159
= Rs 13500
Therefore rate of interest = (720 × 100)/ (13500 × 1)
= 16/3 = 5.3 %
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