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1. A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13. The rate of interest obtained is:
(A): 12 1 % 2
(B): 13 1 % 2
(C): 15%
(D): 16 2 % 3
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By: guest on 01 Jun 2017 05.48 pm
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
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