A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 4 %. The rate of interest obtained is  Choose the correct choice from the following choices: A) 5% B) 5.28% C) 5.30% D) 5.50% E) 6%
Shares = 20 shares   50 at 5 discount   rate divident 4%   req ===&gt; 5.28%   ANSWER 5.28%
<result>B</result>
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 4 %. The rate of interest obtained is