A person has invested Rs.20,000 in 2020 for 5 years. If CAGR for his investment is 11.84%. The end balance of his investment is (Given $(1.1184)^5 = 1.7498$)

Rs. 34996

The correct answer is Option (2) → Rs. 34996

Given:

Principal: ₹20,000

CAGR: 11.84% → 1.1184 per annum

Time: 5 years

End balance using CAGR formula: $A = P \cdot (1 + r)^n$

$A = 20,000 \cdot (1.1184)^5 = 20,000 \cdot 1.7498 \approx 34,996$