CUET · MATHS · PYQ PAPER 2025
Anisha invested Rs. 20000 in a mutual fund in the year 2016, which increased to Rs. 36000 in the year 2024.
The percentage compounded annual growth rate (CAGR) of her investment is:
(Given: \((1.8)^{1 / 8}\) = 1.076)
- A 13.8% p.a
- B 7.6% p.a
- C 8.6% p.a
- D 10.76% p.a
Answer & Solution
Correct Answer
(B) 7.6% p.a
Step-by-step Solution
Detailed explanation
\(\text{CAGR} = (1.8)^{1/8} - 1\) \(\text{CAGR} = 1.076 - 1\) \(\text{CAGR} = 0.076\) \(\text{CAGR} = 7.6\%\text{ p.a}\)
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