Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The present value of a perpetuity of ₹1,500 payable at the beginning of each year, if money is worth 6% per annum is :

Options:

₹26,000

₹25,750

₹26,500

₹24,500

Correct Answer:

₹26,500