Question
Mathematics Question on Compound Interest
The present value of a perpetual income of x paybale at the end of each 6 months is ₹ 1,80,000. If the money is worth 5% compounded semi-annually, then the value of x is ₹:
A
4500
B
7500
C
9000
D
4250
Answer
4500
Explanation
Solution
The correct option is (A):4500