A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium.If the company declares 8% dividend at the end of the year,then how much does he get ?
Choose the correct choice from the following answers
A) rs . 500	B) rs . 600	C) rs . 960	D) rs . 720	E) none

Rationale: "solution number of shares = ( 14400 / 120 ) = 120 . face value = rs . ( 100 x 120 ) = rs . 12000 . annual income = rs . ( 8 / 100 x 12000 ) = rs . 960 . answer c"
Answer: C