ICSE Class X Math 2018 Solved Paper

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Question : 14
Total: 32
A man invests 22,500 in 50 shares available at 10% discount. If the dividend paid by the company is 12%, calculate:
(i) The number of shares purchased
(ii) The annual dividend received.
(iii) The rate of return he gets on his investment. Give your answer correct to the nearest whole number.
Solution:  
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