A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 131/2. The rate of interest obtained is:

Option :

Answer:Option 1

Explanation:

Solution:
Investment=Rs.[20×(505)]=Rs.900.FaceValue=Rs.(50×20)=Rs.1000.Dividend=Rs.(272×1000100)=Rs.135.InterestObtained=(135900×100)%=15%

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