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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. 15%

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

Solution:

\begin{aligned} Investment \\ = R s . [20 \times (50 - 5)] \\ = R s . 900. \\ FaceValue \\ = R s . (50 \times 20) \\ = R s . 1000. \\ Dividend \\ = R s . (\frac{27}{2} \times \frac{1000}{100}) \\ = R s . 135. \\ Interest Obtained \\ = (\frac{135}{900} \times 100) % \\ = 15 % \end{aligned}

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