CUET Preparation Today
Find the present value of a perpetuity of Rs 900 payable at the end of each year, if money is worth 5% per annum . |
₹18000 ₹19000 ₹17000 ₹16000 |
₹18000 |
The correct answer is option (1) : ₹18000 Given $R=₹900$ $r= 5$% p.a $∴i=\frac{5}{100}=0.05$ Present value $P=\frac{R}{i}$ $=\frac{900}{0.05}$ $= ₹18000$ |
