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Q1
:
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13
. The rate of interest obtained is:
A
15%
B
13
1
%
2
C
16
2
%
3
D
12
1
%
2
Solution
ANS:
C
- 15%
Investment = Rs. [20 x (50 - 5)] = Rs. 900. Face value = Rs. (50 x 20) = Rs. 1000.
Dividend = Rs.
27
x
1000
= Rs. 135.
2
100
Interest obtained =
135
x 100
%
= 15%
900
Share :
. The rate of interest obtained is:
