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Vamsi invested some amount buying Rs. 15...

Vamsi invested some amount buying Rs. 150 shares of a company which pays dividend at the rate of 8% per annum. If he gets back 10% per annum on his investment, then the value at which he bought the shares is ______.

A

Rs. 100

B

Rs. 120

C

Rs. 180

D

Rs. 210

Text Solution

Verified by Experts

The correct Answer is:
B
(i) Same as Question No. 6
Use the following formula to find the MV.
`FVxx` Rate of dividend `=MVxx` Rate of return.
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