Question

The annual income on 500 shares of face value 100 at 15% is: 

(a) Rs 7500 

(b) Rs 5000 

(c) Rs 8000 

(d) Rs 8500

Answer 1

(a) Rs 7500

Income = \(\frac{n\times\,r\times\,F.V}{100}\)

= 500 x \(\frac{15}{100}\) x 100 

= Rs 7500