How much should a man invest in ₹ 25 shares selling at ₹ 36 to obtain annual income of ₹ 1,500, if dividend declared is 12% ?

Given, Face Value = ₹ 25 Market Value = ₹ 36 Dividend Rate = 12% Required annual income = ₹ 1,500 Let no. of shares sold be ₹ x. By formula, Annual income = No. of shares × Rate of div. × N.V. of 1 share By formula, Investment = No. of shares × Market value of each share = 500 × 36 = ₹ 18,000. Hence, the man should invest ₹ 18,000.