A man invested Rs. 4940 in Rs. 10 shares quoted at Rs. 9.50. If the rate of dividend be 14%, his annual income is	Choose the correct choice from the following choices:  A) 708  B) 718  C) 738  D) 748  E) 728

Rationale: "market value of a share = rs . 9.50 investment = rs . 4940 number of shares = 4940 / 9.50 = 520 face value of a share = rs . 10 dividend = 14 % dividend per share = ( 10 × 14 ) / 100 = rs . 1.4 his annual income = 520 × 1.4 = rs . 728 answer is e ."
Answer: E