Question
Mathematics Question on Compound Interest
The present value (in ₹.) of a perpetuity of ₹.3600 payable at the end of each quarter, if the interest rate is 9% per annum compounded quarterly, is:
A
₹2,40,000
B
₹1,60,000
C
₹2,00,000
D
₹3,20,000
Answer
₹1,60,000
Explanation
Solution
The correct option is(B):₹1,60,000