Two brothers A and B invest Rs. 16,000 each in buying shares of two companies. A buys 3% hundred-rupee shares at 80 and B buys ten-rupee shares at par. If they both receive equal dividend at the end of the year, find the rate percent of the dividend received by B.
Nominal value of 200 shares = Rs. 100 × 200 = Rs. 20,000
Dividend% = 3%
Dividend = 3% of Rs. 20,000
Nominal value of 1600shares = 10 × 1600 = Rs. 16,000
Dividend received by B= Dividend received by A
= Rs. 600
