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In the year 2003 Wananchi Cooperative society received a gross income of sh. 12.5 million. after deducting all expenses the society had a balance of sh. 6.5million. each year 50% of the balance is paid to members as dividends which is calculated per share.
In the year 2004 the society gross income increased by 20%, expenses increased by 25% while member shares remained the same at 50,000. Calculate the amount of dividends paid paer share in the year 2003 and 2004.