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:

• A. $\frac{20}{3}$ % per annum
• B. $\frac{22}{3}$ % per annum
• C. $\frac{17}{3}$ % per annum
• D. $\frac{10}{3}$ % per annum

Answer 1

Answer: (A)

$\frac{20}{3}$ % per annum

Answer 2

The correct option is(A):$\frac{20}{3}$ % per annum