A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13 . The rate of interest obtained is:
Correct answer C. 15%
Tip: press A, B, C or D to answer, and N for the next question.
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More Stocks and Shares questions
See allRs. 11,000 is divided between 8% stock at 80 and 9% stock at 108 so that the incomes from both are equal. How much goes into the 8% stock?
Correct answer C. Rs. 5,000
What face value of 6% stock is needed to earn an annual income of Rs. 1,200?
Correct answer C. Rs. 20,000
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By investing Rs. 7,200 in a stock at 120, a person earns Rs. 480 a year. What is the rate of the stock?
Correct answer B. 8%
What annual income does Rs. 11,000 invested in 15% stock at 110 produce?
Correct answer D. Rs. 1,500
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