Arithmetic Ability
Stocks and Shares

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Q.

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

View Answer

Correct choice: C

Explanation:

Investment = Rs. [20 x (50 - 5)] = Rs. 900. Face value = Rs. (50 x 20) = Rs. 1000. Dividend = Rs.(27/2*1000/100)=Rs.135 Interest obtained = 135/900*100 % = 15%
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