Question:A man boys 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 : 

A Rs. 12 
B Rs. 15 
C Rs. 18 
D Rs. 21 

+ Answer
B 

+ Explanation
Dividend on Rs. 20 `= Rs. (9/100 xx 20)`

        `= Rs. 9/5.`

Rs 12 is an income on Rs. 100.

:. Rs. `9/5` is an income on Rs`,(100/12 xx 9/5)`

       `= Rs. 15.

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