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Ms Meenakshi invested Rs. 32,400 in buyi...

Ms Meenakshi invested Rs. 32,400 in buying certain shares of a company. If the amount of dividend received by her is Rs. 4860, then find the rate of return.

A

0.15

B

0.12

C

0.14

D

0.13

Text Solution

Verified by Experts

The correct Answer is:
A
Total investment = Rs. 32,400
Dividend `= Rs. 4860`
Rate of return `=(4860)/32400xx100%=15%`.
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