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A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13 12 . The rate of interest obtained is:

Correct Answer: 15%

Explanation:

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


 


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


 


Dividend   =  R s . 27 2 * 1000 100 = R s . 135  


 


Interest obtained =  135 900 * 100  % = 15%


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