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

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1.	A man bought 20 shares of Rs. 50 at 5 discount, the rate of discount being 19/4%.The rate of interest obtained is?
A.	19/ 4%
B.	5.28%
C.	13/4%
D.	4.95%
Answer» D. 4.95%

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