Question:
At what rate of interest will the present value of a perpetuity of \(₹ 1000\), payable at the end of every quarter be \(₹ 20000\)
At what rate of interest will the present value of a perpetuity of \(₹ 1000\), payable at the end of every quarter be \(₹ 20000\)
Updated On: May 21, 2024
- \(10\%\) per annum
- \(20\%\) per annum
- \(3\%\) per annum
- \(10\%\) per annum
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The Correct Option is B
Solution and Explanation
The correct option is (B): \(20\%\) per annum
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