A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13. The rate of interest obtained is:	Select:
A) 27%
B) 87%
C) 15%
D) 66%
E) 88%
Investment = Rs. [20 x (50 - 5)] = Rs. 900.   Face value = Rs. (50 x 20) = Rs. 1000.   Dividend = Rs. 27	x	1000 = Rs. 135.   2	100   Interest obtained = 135	x 100	%	= 15%   900   View Answer Discuss in Forum   Answer: 15%
<result>C</result>
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13. The rate of interest obtained is: