A man invests ₹ 3,072 in a company paying 5% per annum, when its ₹ 10 share can be bought for ₹ 16 each. Find :

(i) his annual income

(ii) his percentage income on his investment.

(i) Man invests ₹ 3,072 and M.V. of each share = ₹ 16

No. of shares bought = $\dfrac{3072}{16}$ = 192.

Annual income = No. of shares × Rate of div. × N.V. of 1 share

= $192 × \dfrac{5}{100} \times 10$

= ₹ 96.

His total annual income = ₹ 96.

(ii) Percentage income = $\dfrac{96}{3072} \times 100 = \dfrac{9600}{3072}$ = 3.125%.

Hence, percentage income = 3.125%.