Sumeet invested $R s .33000$ in shares of par value $R s .30$ at $10$ % premium. The dividend given is $15$ % pa. The rate of return he gets on his money?

450

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\frac{450}{33}

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33

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None

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Solution

The correct option is B $\frac{450}{33}$ %
Dividend earn $= 450$
Rate of return $= \frac{450 \times 100}{33000} = \frac{450}{33}$

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Sumeet invested Rs.33000 in shares of par value Rs.30 at 10% premium. The dividend given is 15% pa. The rate of return he gets on his money?

The correct option is B 45033%Dividend earn =450Rate of return =450×10033000=45033

Sumeet invested $R s .33000$ in shares of par value $R s .30$ at $10$ % premium. The dividend given is $15$ % pa. The rate of return he gets on his money?

The correct option is B $\frac{450}{33}$ %
Dividend earn $= 450$
Rate of return $= \frac{450 \times 100}{33000} = \frac{450}{33}$