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A businessman wishes to accumulate 3000 shares of a company. However, he already has some shares of that company valuing ₹10 (nominal value) which yield 10% dividend per annum and receive ₹2000 as dividend at the end of the year. Write a program in Java to calculate the number of shares he has and how many more shares to be purchased to make his target.
Hint: No. of share = (Annual dividend * 100) / (Nominal value * div%)

Java

Input in Java

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Answer

public class KboatShares
{
    public static void main(String args[]) {
        int sharesHeld = (2000 * 100)/(10 * 10);
        System.out.println("No. of shares held currently = " 
            + sharesHeld);
        int sharesRequired = 3000 - sharesHeld;
        System.out.println("No. of shares to purchase = " 
            + sharesRequired);
    }
}

Variable Description Table

Program Explanation

Output

BlueJ output of A businessman wishes to accumulate 3000 shares of a company. However, he already has some shares of that company valuing ₹10 (nominal value) which yield 10% dividend per annum and receive ₹2000 as dividend at the end of the year. Write a program in Java to calculate the number of shares he has and how many more shares to be purchased to make his target. Hint: No. of share = (Annual dividend * 100) / (Nominal value * div%)

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