A sum of Rs 60,000 invested at r percent compounded quarterly will provide payment at rupees 600 each at the end of every three months , then the value of r is :
A sum of Rs 60,000 invested at r percent compounded quarterly will provide payment at rupees 600 each at the end of every three months , then the value of r is :
Solution
✅ Correct Option: 2
For perpetuity: where is rate per period.
per quarter.
Annual rate .
Related questions:
2026: 14 May Shift 2
2023: 22 May Shift 3
2023: 11 Aug Shift 1
2023: 15 June Shift 2