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The amount of money deposited 25 years ago at 5% interest that would now provide a perpetual payment of Rs. 15,000 per year is closest to
Rs. 86,750
Rs. 88,590
Rs. 300,000
Rs. 315,000
Rs. 88,590
Practice and solve "The amount of money deposited 25 years ago at 5% interest that would now provide a perpetual payment..." for Electrical - Economics for Engineers. The correct answer is Option B: Rs. 88,590. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(b) **