A man invested Tk. 5200 in Tk. 15 shares quoted at Tk. 13. If the rate of dividend be 9%, his annual income is:

Question: A man invested Tk. 5200 in Tk. 15 shares quoted at Tk. 13. If the rate of dividend be 9%, his annual income is:

Solution:
Number of shares = 5200/13 = 400 shares
Face value = Tk. (400 × 15) = Tk. 6000
Annual income = Tk. (9/100) × 6000 = Tk. 540