Question : 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:
Option 1: Rs. 7,850
Option 2: Rs. 8,580
Option 3: Rs. 7,970
Option 4: Rs. 8,510
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Correct Answer: Rs. 8,580
Solution :
Total investment = Rs. 44000
Ratio of investments = 1 : 4 : 5
Dividend of 10% on first share $= \frac{10}{100} \times \frac{1}{10}\times 44000 =$ Rs. 440
Dividend of 15% on second share $ = \frac{15}{100} \times \frac{4}{10}\times 44000 =$ Rs. 2,640
Dividend of 25% on third share $ = \frac{25}{100} \times \frac{5}{10}\times 44000 =$ Rs. 5,500
Total dividend income = 440 + 2,640 + 5,500 = Rs. 8,580
Hence, the correct answer is Rs. 8,580.
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