a man invested rs . 14400 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 ?
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
divide(multiply(multiply(divide(14400, add(100, 20)), 100), 7), 100)