ECZ 2016 · O-Level Paper 1 — Social and Commercial Arithmetic
The dividend due on 1 000 shares at the end of a financial year is K2 250.00. If the annual dividend rate is 3% of the share value, calculate the value of each share.
- A. K75.00
- B. K7.50
- C. K67.50
- D. K750.00
Verified working — step 1
Total value = 1000 × V. Dividend = 3% of total: 2250 = 0.03 × 1000 × V = 30V, so V = 2250 ÷ 30 = …The full step-by-step working and final answer are included with Premium — checked against ECZ marking standards.
Original examination question © Examinations Council of Zambia. Worked solution and commentary © G12 Titan — not to be reproduced without permission.
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