Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The present value of a perpetual income of ₹x payable at the end of each 6 months is ₹1,80,000. If the money is worth 5% compounded semi-annually, then the value of x is ₹:

Options:

4500

7500

9000

4250

Correct Answer:

4500

Explanation:

The correct answer is Option (1) - 4500