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.	13%
B.	12 1/2%
C.	15%
D.	16%
Answer» D. 16%

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