Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

If the present value of perpetuity of ₹600 payable at the end of every six months is ₹18000, then the rate of interest is :

Options:

$\frac{20}{3}$ % per annum

$\frac{22}{3}$ % per annum

$\frac{17}{3}$ % per annum

$\frac{10}{3}$ % per annum

Correct Answer:

$\frac{20}{3}$ % per annum