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:
Choices:
A) 15
B) 10
C) 20
D) 25
E) 30
Dividend on rs 20 = (9/100*20) = 9/5   =&gt;9/5 is an income on Rs   (100/12 * 9/5)= 
<gadget id="calculator">  (100/12 * 9/5)</gadget>
<output>15</output>
15   15NSWER 15
<result>A</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: