A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest o

Question

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:

Options:

A . Rs. 12

B . Rs. 15

C . Rs. 18

D . Rs. 21

Answer: Option B

Dividend on Rs. 20 = Rs.\(\left(\frac{9}{100}\times20\right)\) = Rs. \(\frac{9}{5}.\)

Rs. 12 is an income on Rs. 100.

So, Rs. \(\frac{9}{5}.\) is an income on Rs. \(\left(\frac{100}{12}\times\frac{9}{5}\right)\) = Rs. 15 .

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