Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Morpheus invested ₹10,000 in a crypto currency for 6 years and the value of his investments at the end of each year are given below :

The CAGR of his investment is :

(given that $(1.4)^{1/6}=1.058)$

Year 2017 2018 2019 2020 2021 2022
Amount (₹) 11,000 11,500 13,000 11,800 12,200 14,000

 

Options:

14%

1.4%

5.8%

1.58%

Correct Answer:

5.8%