Question Number 205350 by necx122 last updated on 17/Mar/24
$${A}\:{man}\:{invested}\:{U}\mathrm{24000}.\mathrm{00}\:{in}\:{U}\mathrm{5}.\mathrm{00} \\ $$$${shares}\:{of}\:{a}\:{firm}.\:{After}\:{a}\:{period}\:{of} \\ $$$${time},\:{it}\:{appreciated}\:{to}\:{U}\mathrm{5}.\mathrm{50}\:{per}\:{share}. \\ $$$${How}\:{much}\:{dividend}\:{did}\:{he}\:{receive},\:{if} \\ $$$${the}\:{dividend}\:{declared}\:{is}\:\mathrm{50}{k}\:{per}\:{share}? \\ $$
Commented by A5T last updated on 17/Mar/24
$$\mathrm{50}{k}={U}\mathrm{0}.\mathrm{50}? \\ $$
Commented by necx122 last updated on 17/Mar/24
$${yes}!\:{thats}\:{it}. \\ $$
Answered by A5T last updated on 17/Mar/24
$$\frac{\mathrm{24000}}{\mathrm{5}}×\mathrm{5}.\mathrm{50}=\mathrm{26400} \\ $$$${Dividend}=\frac{\mathrm{26400}}{\mathrm{5}.\mathrm{50}}×\mathrm{0}.\mathrm{5}=\mathrm{2400} \\ $$