14) What is the income on 9% stock of Rs. 1500 purchased at Rs. 110?

To solve this problem, we need to find the income generated from a 9% stock with a face value of Rs. 1500 that is purchased at Rs. 110 per unit. 

Let's break down the terms:

1. **Face Value**: The original value of the stock, which is Rs. 1500.
2. **Dividend Rate**: The rate of return on the stock, which is 9%.
3. **Market Price**: The price at which the stock is purchased, which is Rs. 110 per unit.

### Step-by-Step Solution

1. **Calculate the annual dividend:**

   The annual dividend is given by the formula:

   \[
   \text{Annual Dividend} = \text{Face Value} \times \frac{\text{Dividend Rate}}{100}
   \]

   Substituting the given values:

   \[
   \text{Annual Dividend} = 1500 \times \frac{9}{100} = 1500 \times 0.09 = 135 \, \text{Rs.}
   \]

   So, the annual dividend is Rs. 135.

2. **Calculate the number of shares purchased:**

   The number of shares purchased can be calculated by dividing the total investment by the market price:

   \[
   \text{Number of Shares} = \frac{\text{Total Investment}}{\text{Market Price}}
   \]

   However, since the problem does not mention multiple stocks, it seems we are dealing with just one stock at the face value of Rs. 1500.

3. **Income generated:**

   The income generated is the annual dividend of Rs. 135.

### Conclusion

The income on a 9% stock of Rs. 1500 purchased at Rs. 110 is **Rs. 135**.

Would you like more details or have any questions?

### Related Questions

1. What would the income be if the stock had a different dividend rate, say 7%?
2. How would the income change if the stock was purchased at a different market price, say Rs. 120?
3. What is the yield percentage on this investment?
4. How does the face value affect the calculation of the dividend income?
5. What is the difference between market price and face value when considering stock investments?

**Tip:** When dealing with stocks, remember that the face value is different from the market price. The dividend is always calculated on the face value, not the market price.

What is the income on 9% stock of Rs. 1500 purchased at Rs. 110?

Discover how to calculate the income generated from a 9% stock with a face value of Rs. 1500, purchased at Rs. 110. This problem involves percentage calculations and stock dividend formulas, suitable for students in Grades 8-10.

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