Stocks and Shares - Arithmetic Aptitude Questions and Answers

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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:

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

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

15%

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

Answer : Option C

Explanation :

Investment = Rs. [20 x (50 - 5)] = Rs. 900.

Face value = Rs. (50 x 20) = Rs. 1000.

Dividend = Rs $[ \frac {27} { 2 }$ . $* \frac {1000 } { 100 } ]$ =Rs. 135.

Interest obtained = $[ \frac {135} {900}*100]$ %= 15%

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