Answer: Rate of return ≈ 5.83%
Sum invested \( = 150 \times 120 = ₹\,18{,}000 \)
Dividend per share \( = 7\% \text{ of } 100 = ₹\,7 \); total \( = 150 \times 7 = ₹\,1050 \)
\[ \text{Rate of return} = \frac{1050}{18000} \times 100 \approx 5.83\% \]
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Doubtly AI
· 24 Oct 2026
AI-verified · Oct 2026
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