Question:
If the present value of a perpetuity of ₹600 payable at the end of every six months is ₹18000, then the rate of interest is:
If the present value of a perpetuity of ₹600 payable at the end of every six months is ₹18000, then the rate of interest is:
Updated On: Apr 26, 2024
- \(\frac{20}{3} %\) % per annum
- \(\frac{22}{3} %\) % per annum
- \(\frac{17}{3} %\) % per annum
- \(\frac{10}{3} %\) % per annum
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The Correct Option is A
Solution and Explanation
The correct option is(A):\(\frac{20}{3} %\) % per annum
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