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The amount of money deposited 10 years ago at 8% interest that would now provide a perpetual payment of Rs. 15,000 per year is approximately
Rs. 84,250
Rs. 86,850
Rs. 150,000
Rs. 187,500
Rs. 86,850
Practice and solve "The amount of money deposited 10 years ago at 8% interest that would now provide a perpetual payment..." for Electrical - Economics for Engineers. The correct answer is Option B: Rs. 86,850. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(b) **