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CUET · MATHS · PYQ PAPER 2023

At \(6 \%\) converted quarterly, the present value of perpetuity of 6,000 payable at the end of each quarter (in rupees) is :

  1. A 1,00,000
  2. B 10000
  3. C 40000
  4. D 4,00,000
Verified Solution

Answer & Solution

Correct Answer

(D) 4,00,000

Step-by-step Solution

Detailed explanation

\(i = \frac{0.06}{4} = 0.015\) \(PV = \frac{6000}{0.015} = 4,00,000\)
From CUET
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