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 :
- A 1,00,000
- B 10000
- C 40000
- D 4,00,000
Answer & Solution
Correct Answer
(D) 4,00,000
Step-by-step Solution
Detailed explanation
\(i = \frac{0.06}{4} = 0.015\) \(PV = \frac{6000}{0.015} = 4,00,000\)
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