A man invested Rs. 14,400 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?

A. Rs. 500
B. Rs. 600
C. Rs. 650
D. Rs. 720

Number of shares= (14400 / 120) =120.
Face value=Rs.(100×120) =Rs.12000.

Annual Income= Rs.(5/100×12000) =Rs. 600.