Mr. X invested ₹20,000 in year 2022 for 5 years. If Compound annual growth rate for that investment turned out to be 12%, the end value of the investment will be : {Use $(1.12)^5=1.76$}

₹35,200

$\text{Initial investment}=20000$

$\text{CAGR}=12\%=0.12$

$\text{Time}=5\text{ years}$

$\text{Future value}=20000(1.12)^5$

$=20000\times1.76$

$=35200$

The end value of the investment is ₹35200.