A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium.If the company declares 7% dividend at the end of the year,then how much does he get ? Choose one:
A) rs . 500 B) rs . 840 C) rs . 650 D) rs . 720 E) none

Rationale: solution number of shares = ( 14400 / 120 ) = 120 . face value = rs . ( 100 x 120 ) = rs . 12000 . annual income = rs . ( 7 / 100 x 12000 ) = rs . 840 . answer b
Answer: B