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Question

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


  1. 12%

  2. 15%


Solution

The correct option is C

15%


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

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

Dividend = Rs. (272×1000100)=Rs.135.

Interest obtained = (135900×100)%=15%.

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