A man invested 20,000 in some shares in the ratio 2 : 3 : 5, which pay dividends of 10%, 30% and 20% respectively on the investments in that year. Find the total dividend income of the man.
A4200 ✓ Correct
B4500
C4800
D5000
Correct answer: (A) 4200
Explanation
The total dividend income is 4200.
Split 20000 in ratio 2:3:5 as 4000, 6000, 10000.
Dividend on first = 10% of 4000 = 400.
Dividend on second = 30% of 6000 = 1800.
Dividend on third = 20% of 10000 = 2000.
Total = 400 + 1800 + 2000 = 4200.
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