Question

General MathematicsProblem:Mr. Tan purchased 1,000 shares of stocks at ₱30 par value. How much is his dividend if the percentage declared by the company is 1.5%?

Answer 1

Given that the total number of shares is 1000 at P30 per value. The total amount of all the shares is

`A_{\text{share}}=1000* P30=P30,000`

If the company declared 1.5% percentage, the dividend would be

`\begin{gathered} 1.5\text{ \%of P30,000} \\ =(1.5)/(100)* P30,000 \\ =(P45,000)/(100) \\ =P450 \end{gathered}`

Hence, the value of the dividend is P450