Salman has some shares of ₹ 50 of a company paying 15% dividend. If his annual income is ₹ 3000, then the number of shares he possesses is

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F.V. of each share = ₹ 50 Dividend = 15% Annual income = ₹ 3000 Let x be the share, then F.V. of shares = x $\times$ 50 = ₹ 50x Dividend = (50x + 15)/(100) = 30 = (15)/(2)x = 3000 $\Rightarrow$ x = (3000 xx 2)/(15) $\Rightarrow$ x = 400 $\therefore$ Number of shares = 400.

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