6. A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13 . The rate of interest obtained is:
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Answer: Option C
Explanation:
Investment = Rs. [20 x (50 - 5)] = Rs. 900.
Face value = Rs. (50 x 20) = Rs. 1000.
Dividend = Rs.
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27
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x
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1000
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= Rs. 135.
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2
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100
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Interest obtained =
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135
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x 100
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%
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= 15%
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900
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