This is question from ML aggarwal board ,class 10th (Avichal Publication), ICSE board, chapter3 -share and dividends

** if 9% dividend is declared.
**

**we have to Find the dividends received on 60 shares of Rs 20 each.**

question no. 1, exercise 3, ML aggarwal

Given value of shares = Rs. 20

Therefore the value of 60 shares = Rs. 20 × 60

= Rs. 1200

Given that rate of dividend = 9%

Therefore total dividend = Rs. 1200 × 9%

= 1200 × (9/100)

= Rs 108