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 $$13\frac{1}{2}$$. The rate of interest obtained is:
A.	$12\frac{1}{2}$$ %
B.	$13\frac{1}{2}$$ %
C.	5%
D.	$16\frac{2}{3}$$ %
Answer» D. $16\frac{2}{3}$$ %

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