If the present value of a perpetuity of - CUETMOCK

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Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

If the present value of a perpetuity of ₹800 payable at the end of every six months be ₹20,000, then rate of interest is :

Options:

4% per annum

12% per annum

10% per annum

8% per annum

Correct Answer:

8% per annum

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