A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend b – McqOptions

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1.	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» D. 16(2/3)%

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