Direction: Each o the following questions is followed by two statements. Mark
-
Ram got ₹ 1500 as dividend from a company.
What is the rate of interest given by the company?
I. The dividend paid last year was 10% .
II. Ram has 350 shares of ₹ 10 denomination.
-
- if statement I alone is sufficient to answer the question.
- if statement II alone is sufficient to answer the question.
- if both statement I and II together are necessary to answer the question.
- if both statement I and II together are not sufficient to answer the question.
- if statement I alone is sufficient to answer the question.
Correct Option: B
It is given that Ram got a dividend of ₹ 1500.
Statement I
Knowing the dividend paid last year, we cannot find the dividend paid this year.
Statement II
Given that Ram bought 350 shares of face value ₹ 10, and so, their total face value is ₹3500. So, here we know the investment and the return hence wen can find out the rate of interest.
