A man invested Rs. 14400 in Rs. 100 shares of a company at 20% premium. If the company declares 5% dividend at the end of the year, then how much does he get ?

Answer: Option B

Number of shares
= $$\left(\frac{14400}{120}\right)$$  
= 120
Face value
= Rs. (100 × 120)
= Rs. 12000
Annual income
= Rs. $$\left(\frac{5}{100}\times 12000\right)$$  
= Rs. 600