Subject

    Quantitative Aptitude

    Topic

    Speed & Distance

    A man buys tk 20 shares paying 9% dividend.  The man wants to have an interest of 12% on his money. The market value of each share is-

    ক)
    21
    খ)
    12
    গ)
    15
    ঘ)
    18

    Explanation

    It is known that the formula is: (Dividend / market value) * face value = interest.  or,Dividend / market value = interest / face value. or,Face value * dividend = market value * interest.  We put it up to this equation, become:  20 * 9% = x * 12%. 1.8 = x * 12%. 1.8/12% = x. 15 = x.

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