Question

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:

a.

12(1/2)%

b.

13(1/2)%

c.

15%

d.

16(2/3)%

Answer: (c).15%

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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:

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