A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being $$13

MCQ Practice

A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being $$13frac{1}{2}$$. The rate of interest obtained is:

Subject: MathematicsTopic: Stocks And Shares

$$12frac{1}{2}$$ %

$$13frac{1}{2}$$ %

15%

$$16frac{2}{3}$$ %

Correct Answer: C