Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The rate per annum compounded semi-annually so that the present value of perpetuity of ₹4,000 payable at the beginning of each 6 month be ₹54,000 is :

Options:

8%

7.4%

16%

14.8%

Correct Answer:

16%