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4

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

A. 1212%

B. 1312%

C. 15%

D. 1623%

Correct Answer :

C. 15%



Investment = Rs. [20 x (50 - 5)] = Rs. 900.
Face value = Rs. (50 x 20) = Rs. 1000.
Dividend = Rs. 272 × 1000100 = Rs. 135.
Interest obtained = 135 900x 100 % = 15%