A man bought 40 shares of Rs. 60 at 6 discount, the rate of dividend being 12 1/2%The rate of interest obtained is
Choose the most appropriate option:
A) 13.89%
B) 15.5%
C) 14%
D) 14.25%
E) 14.95%
Explanation :   Face Value of a share = Rs.60   He bought each share at Rs.60 - Rs.6 = Rs.54   Number of shares = 40   Dividend = 12 1/2%=25/2%   Dividend per share = 60×25/2×100=Rs.7.5   Total dividend = (40 × 7.5)   ie, He got a dividend of (40 × 7.5) for an investment of Rs.(40 × 54)   Interest obtained = 40×7.5×100/40×54=13.89%   13.89%nswer : Option 13.89%
<result>A</result>
A man bought 40 shares of Rs. 60 at 6 discount, the rate of dividend being 12 1/2%The rate of interest obtained is