Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Calculus

Question:

At what rate converted semi-annually will the present value of a perpetuity of ₹750 payable at the end of every 6 months be ₹50,000 ?

Options:

3%

1.5%

6.6%

6%

Correct Answer:

3%