Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The present value of a perpetuity of ₹800 payable at the end of each quarter, if money is worth 8% per annum.

Options:

₹50,000

₹20,000

₹16,000

₹40,000

Correct Answer:

₹40,000