Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

If the starting value of an investment is ₹10,000 and it grows to ₹20,000 in 2 years, then the value of compounded annual growth rate (CAGR) is :

[Use : $\sqrt{2}=1.414$]

Options:

50%

52.72%

41.40%

43.27%

Correct Answer:

41.40%