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Question
Find the percentage interest on capital invested in 18% shares when a Rs 10 share costs Rs 12.
Solution
Dividend on one share = 18% of Rs 10
= `(18 xx 10)/(100)`
= `"Rs." (9)/(5)`
Income on ₹ 12 = `(9)/(5)`
Then income of ₹ 100 = `(9)/(5) xx (100)/(12)` = 15
∴ Percentage interest on capital = 15%.
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