A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13�.

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Question
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13½. The rate of interest obtained is:
Options
A.

12 1 %

2
B.

13 1 %

2
C. 15%
D.

16 2 %

3

Correct Answer

15%

Explanation

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

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

Dividend = Rs.	❨	27	x	1000	❩	= Rs. 135.
		2		100

Interest obtained =	❨	135	x 100	❩%	= 15%
		900

Stocks and Shares problems

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1. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
Options
A. Rs. 3100
B. Rs. 6240
C. Rs. 6500
D. Rs. 9600

2. The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being ¼%, is:
Options
A. Rs. 108.25
B. Rs. 112.20
C. Rs. 124.75
D. Rs. 125.25

3. A 12% stock yielding 10% is quoted at:
Options
A. Rs. 83.33
B. Rs. 110
C. Rs. 112
D. Rs. 120

4.

The cost price of a Rs. 100 stock at 4 discount, when brokerage is 1 % is:

4
Options
A. Rs. 95.75
B. Rs. 96
C. Rs. 96.25
D. Rs. 104.25

5. Which is better investment: 11% stock at 143 or 9¾% stock at 117?
Options
A. 11% stock at 143
B.

9 3 % stock at 117

4
C. Both are equally good
D. Cannot be compared, as the total amount of investment is not given.

6. A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
Options
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21

7. A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
Options
A. 7.5%
B. 8%
C. 9.7%
D. None of these

8. Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:
Options
A. Rs. 4800
B. Rs. 5000
C. Rs. 5400
D. Rs. 5600

9. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
Options
A. Rs. 207.40
B. Rs. 534.60
C. Rs. 648
D. Rs. 655.60

10. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
Options
A. Rs. 768
B. Rs. 968
C. Rs. 1960
D. Rs. 2400

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