A man bought 40 shares of Rs. 80 at 5 discount, the rate of dividend being 12 1/2%The rate of interest obtained is
Choose the correct option.
A) 13.33%	B) 15.5%	C) 14%	D) 14.25%	E) 14.95%
Explanation :   Face Value of a share = Rs.80   He bought each share at Rs.80 - Rs.5 = Rs.75   Number of shares = 40   Dividend = 12 1/2%=25/2%   Dividend per share = 80×25/2/100=Rs.10   Total dividend = (40 × 10)   ie, He got a dividend of (40 × 10) for an investment of Rs.(40 × 75)   Interest obtained = 40×10×100/40×75=13.33%   13.33%nswer : Option 13.33%
<result>A</result>
A man bought 40 shares of Rs. 80 at 5 discount, the rate of dividend being 12 1/2%The rate of interest obtained is