Question

A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13 12 . The rate of interest obtained is:

A) 13% B) 12 C) 15% D) 16%

Answer 1

Step-by-step explanation:

Answer: C) 15%

Explanation:

Investment = Rs. [20 x (50 - 5)] = Rs. 900.

Face value = Rs. (50 x 20) = Rs. 1000.

Dividend = Rs.(272*1000100)=Rs.135

Interest obtained = 135900*100 % = 15%

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