Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The present value of a perpetuity of ₹500 payable at the end of the every 6 months is ₹10,000, then rate of onterest will be :

Options:

10%

$\frac{1}{10}$%

5%

20%

Correct Answer:

10%