14.The present value of the perpetual annuity of ₹2000 paid monthly at 10% compound interest is
(a) ₹2,40,000
(b) ₹6,00,000
(c) ₹20,40,000
(d) ₹2,00,400
Answers
Answered by
2
Answer:
A
Step-by-step explanation:
Paid in 1 month= ₹2000
Paid in 1 year=₹2000×12=₹24000
10% compound interest=₹24000
1% compound interest=₹24000÷10
100% compound interest=₹24000÷10×100=₹240000
Answered by
2
Step-by-step explanation:
A paid in one month is Rs2000
for annual 2000 X 12 = Rs24000
The present value of the prepetual for 10% compound is 24000 X 10 =240000
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