a man buys rs . 20 shares paying 9 % dividend . the man wants to have an interest of 12 % on his money . what is the market value of each share ?
"explanation : face value of each share = rs . 20 dividend per share = 9 % of 20 = 9 × 20 / 100 = 9 / 5 he needs to have an interest of 12 % on his money ie , money paid for a share 9 × 12 / 100 = 9 / 5 money paid for a share = 9 / 5 × 100 / 12 = 15 ie , market value of the share = rs . 15 answer : option c"
multiply(divide(const_100, 12), multiply(divide(9, const_100), 20))