A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:  Choose the most appropriate option: A) 12 B) 10 C) 14 D) 25 E) 15
Dividend Rs 20 = (9/100*20) = 9/5   12 is an income on Rs 100   Rs 9/5 is an income Rs   (100/12*9/5)= 
<gadget id="calculator">  (100/12*9/5)</gadget>
<output>15</output>
Rs 15   ANSW15R 15
<result>E</result>
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is: