CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A man bought 20 shares of ₹ 50 at ₹ 5 discount, the rate of dividend being 1312 The rate of interest obtained is:


A

12%

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

15%

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C

15%


Investment = ₹ [20 × (50 - 5)] = ₹ 900.

N.V of each share = ₹ 50

Let the rate of interest be x

M.V of each share = ₹ 45

Rate of Dividend = 1312 = 272

We have ; Rate of Interest × M.V = Rate of Dividend × N.V

x × 45 = 272 × 50

Rate of interest x = 272 × 5045

= 15%


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon