A man buys 250 , ten-rupee shares each at ₹ 12.50 . If the rate of dividend is $7 \%$, find the: dividend he receives annually.
Explanation
The dividend received annually is the total dividend paid by the company. Since the rate of dividend is 7%, the dividend per share is 7% of 10 rupees, which is 0.7 rupees. Therefore, the total dividend received annually is 250 * 0.7 = 175 rupees.
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