New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Assuming that the discount rate is 7% per annum, how

    much would one pay to receive ₹500, growing at 5%, annually, forever? 
    A ₹15,000 Correct Answer Incorrect Answer
    B ₹23,000 Correct Answer Incorrect Answer
    C ₹25,000 Correct Answer Incorrect Answer
    D ₹20,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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