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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: |
| Answer» 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 | |