CSC
Company
Numerical Ability
Stock and Shares
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%
Read Solution (Total 2)
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- Right answer is not there in the given options or some of the given inputs are wrong.
Explanation: Total Investment = 20x45 (i.e. 50-5)=900.
Actual value =50 x 20=1000.
Dividend=(13/100)*1000=130.
Interest obtained = (130/900)x100=13/9%. - 12 years agoHelpfull: Yes(1) No(3)
- there is a small correction in this question. the rate of dividend is 13 1/2.
replace 13 in the solution by 13 1/2.
the ans is 15% - 11 years agoHelpfull: Yes(1) No(0)
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