Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The sum of money invested to establish a scholarship of ₹5000, which is to be awarded at the end of every year forever, if money is worth 8% per annum (in ₹) is :

Options:

62,500

72,500

68,500

70,000

Correct Answer:

62,500