Question
Download Solution PDFIf man invested Rs. 20,000 in some shares in the ratio 2 ∶ 3 ∶ 5 which pay dividends of 10%, 30% and 20%, respectively. on the investments in that year. Find the total dividend income of the man.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
The sum of money invested at 10% is = 2/10 × 20000 = 4000, then after 1year dividend will be 4000 × 10/100 = 400
The sum of money invested at 30% is = 3/10 × 20000 = 6000, then after 1year dividend will be 6000 × 30/100 = 1800
The sum of money invested at 20% is = 5/10 × 20000 = 10000, then after 1year dividend will be 10000 × 20/100 = 2000
The total dividend income of the man = (400 + 1800 + 2000) = Rs. 4200
∴ The correct answer is Rs. 4200
Last updated on Jun 12, 2025
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