CUET · MATHS · PYQ PAPER 2025
If an investment of Rs. \(12000\) becomes Rs. \(72000\) in \(4\) years, then the compound annual growth rate is:
- A \(\frac{\sqrt[4]{6}-1}{100} \%\)
- B \(\frac{\sqrt[4]{6}+1}{100} \%\)
- C \((\sqrt[4]{6}+1) \times 100 \%\)
- D \((\sqrt[4]{6}-1) \times 100 \%\)
Answer & Solution
Correct Answer
(D) \((\sqrt[4]{6}-1) \times 100 \%\)
Step-by-step Solution
Detailed explanation
\(A = P(1 + r)^t\) \(72000 = 12000(1 + r)^4\) \(6 = (1 + r)^4\) \(1 + r = \sqrt[4]{6}\) \(r = \sqrt[4]{6} - 1\) \(r = (\sqrt[4]{6} - 1) \times 100 \% \)
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