What amount is received at the end of every 6 months forever, if ₹72,000 kept in a bank earns 8% per annum compounded half-yearly?
What amount is received at the end of every 6 months forever, if ₹72,000 kept in a bank earns 8% per annum compounded half-yearly?
Solution
✅ Correct Option: 3
A perpetuity pays out exactly the interest earned each period, leaving the principal intact.
The half-yearly rate is , so each payment is .
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