CUET Preparation Today
Mr. X invested ₹2000 in a mutual fund in the year 2015. The value of the fund increased to ₹3200 in year 2020. The compound annual growth rate of his investment is: (given: $(1.6)^{\frac{1}{5}}$ = 1.098) |
9.8% 0.98% 1.96% 19.6% |
9.8% |
The correct answer is Option (1) - 9.8% |
