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CUET · MATHS · PYQ PAPER 2025

At \(6 \%\) converted quarterly, the present value of a perpetuity of ₹ 900 payable at the end of each quarter is :

  1. A ₹ 40000
  2. B ₹ 42000
  3. C ₹ 60000
  4. D ₹ 6000
Verified Solution

Answer & Solution

Correct Answer

(C) ₹ 60000

Step-by-step Solution

Detailed explanation

\( r = \frac{0.06}{4} = 0.015 \) \( PV = \frac{900}{0.015} = 60000 \)