Stocks and Shares
Q1: A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13 |
. The rate of interest obtained is:
| 12 | 1 | % |
| 2 |
B
| 13 | 1 | % |
| 2 |
C 15%
D
| 16 | 2 | % |
| 3 |
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 |
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