If the cash equivalent of a perpetuity o - CUETMOCK

Loading [MathJax]/jax/output/HTML-CSS/fonts/TeX/fontdata.js

Start Free Mocks

Follow :

CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks

Home Questions DRWSQZZ6ZG

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

If the cash equivalent of a perpetuity of ₹ 1200 payable at the end of each quarter is ₹ 96000, then the rate of interest convertible quarterly:

Options:

4%

6%

5%

3%

Correct Answer:

5%

Explanation:

The correct answer is Option (3) → 5%

CUET Questions