Question

At what rate of interest will the present value of a perpetuity of $₹ 1000$, payable at the end of every quarter be $₹ 20000$

• A. $10\%$ per annum
• B. $20\%$ per annum
• C. $3\%$ per annum
• D. $10\%$ per annum

Answer 1

Answer: (B)

$20\%$ per annum

Answer 2

The correct option is (B): $20\%$ per annum