A man invests Rs.44,000 in some shares in the ratio 1 : 4 : 5 which pay dividends of 10%, 15% and 25% on his investment for one year, respectively. His total dividend income is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs 8580.
The amount invested on first share = (44000/10) × 1 = 4400
The amount invested on second share = (44000/10) × 4 = 17600
The amount invested on third share = (44000/10) × 5 = 22000
Total dividend = (10% of 4400 + 15% of 17600 + 25% of 22000)
⇒ 440 + 2640 + 5500 = 8580