ExamBro
ExamBro
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 \((1.1184)^5=1.7498\) ]

  1. A Rs. 35998
  2. B Rs. 34996
  3. C Rs. 33998
  4. D Rs. 34448
Verified Solution

Answer & Solution

Correct Answer

(B) Rs. 34996

Step-by-step Solution

Detailed explanation

\(FV = P (1 + CAGR)^n\) \(FV = 20000 (1.1184)^5\) \(FV = 20000 \times 1.7498\) \(FV = 34996\)