Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Aman made an investment of ₹ 2,00,000 in a no-fee fund for 1 year. At the end of year the value of investment increases to ₹ 2,50,000. Then nominal rate of return is:

Options:

25%

20%

23%

26%

Correct Answer:

25%

Explanation:

The correct answer is Option (1) → 25%