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A person invests Rs 20,000 at 20% Rs. 150 shares at a premium of Rs. 50. The income from theses shares in is Rs. _______.

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A person invests Rs 20,000 at 20% Rs. 150 shares at a premium of Rs. 50. The income from theses shares in is Rs. _______.
A. 1000
B. 3000
C. 1500
D. 2000
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Correct Answer - B
(i) First of all, th annual income from one share is to be found.
(ii) `MV=FV+` Premium.
(iii) Find the number of shares.
`("Number of shares"xxFV)`
(iv) Income `=(xx"(Rate of dividend)")/100`
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