CUET · MATHS · PYQ PAPER 2025
A person has invested Rs. 20,000 in 2020 for 5 years.
If the CAGR for his investment is 11.84%, the end balance of his investment is [Given \((1.1184)^5=1.7498\) ]
- A Rs. 35998
- B Rs. 34996
- C Rs. 33998
- D Rs. 34448
Answer & Solution
Correct Answer
(B) Rs. 34996
Step-by-step Solution
Detailed explanation
\(FV = P (1 + CAGR)^n\) \(FV = 20000 (1.1184)^5\) \(FV = 20000 \times 1.7498\) \(FV = 34996\)
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