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    Question

    A company pays a dividend of 10% for the first year, 15% for the second year and 25% for the third year. If the investment was of Rs 3000/- the total dividend received is 

    A Rs 750 Correct Answer Incorrect Answer
    B Rs 950 Correct Answer Incorrect Answer
    C Rs 1200 Correct Answer Incorrect Answer
    D Rs 1500 Correct Answer Incorrect Answer

    Solution

    ATQ, Let's denote the investment amount as . P = Rs.3000 For the first year, the dividend is of : 10% of P Dividend for the First year is : 0.10 × P For the second year, the dividend is of : 15% of P Dividend for the Second year is : 0.15 × P For the third year, the dividend is of : 25% of P  Dividend for the Third year is : 0.25 × P Now, add these dividends to get the total dividend received: Total Dividend = Dividend for First + second + third year  Substitute the values and solve: Total Dividend = 0.10 × P + 0.15 × P  + 0.25 × P Total Dividend 0.50 × P Substitute  P : Rs.3000. Total Dividend = 0.50 × Rs.3000 = Rs.1500 So, the total dividend received is Rs.1500

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