A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being $13 \frac{1}{2}$ . The rate of interest obtained is:

A. $12 \frac{1}{2} %$

B. $13 \frac{1}{2} %$

C. 15%

D. $16 \frac{2}{3} %$

Share this question with your friends

Correct Answer : C.

Investment = Rs. [20 x (50 - 5)] = Rs. 900.
Face value = Rs. (50 x 20) = Rs. 1000.
Dividend =

R s . \frac{27}{2} \times \frac{1000}{100} = R s . 135 .

Interest obtained =

(\frac{135}{900} x 100) % = 15 %

Comment

Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes.…
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual…
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 1312. The rate of interest…
A 6% stock yields 8%. The market value of the stock is
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock…
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money.…
Sakshi invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125.…
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage…
The cost price of a Rs. 100 stock at 4 discount, when brokerage is 14%, is-
Which is better investment: 11% stock at 143 or 934% stock at 117?
A 12% stock yielding 10% is quoted at
By investing in 16% stock at 64, one earns Rs. 1500. The investment made is:
A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends…