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ICSE Class X Math 2013 Paper

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Salman buys 50 shares of face value ₹100₹ 100 available at ₹ 132 .
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Question : 23 of 46
Marks: +1, -0
If the dividend is 7.5%7.5\% , what will be his annual income?
Solution:  
  Rate of dividend    =7.5%\; \text{Rate of dividend} \; \; = 7.5\%
  Annual income    =₹  5,000×7.5100\; \text{Annual income} \; \; = ₹ \; \frac{5,000 \times 7.5}{100}
  =₹375\; = ₹ 375
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