A man bought 40 shares of Rs. 60 at 8 discount, the rate of dividend being 1212%The rate of interest obtained is	Pick one:
A) 13.64%	B) 15.5%	C) 14%	D) 14.42%	E) 14.95%
Explanation :   Face Value of a share = Rs.60   He bought each share at Rs.60 - Rs.8 = Rs.52   Number of shares = 40   14.42%ividend = 12 1/2%=25/2%   14.42%ividend 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 × 52)   Interest obtained = 40×7.5×100/40×52=14.42%   Answer : Option 14.42%
<result>D</result>
A man bought 40 shares of Rs. 60 at 8 discount, the rate of dividend being 1212%The rate of interest obtained is