CUET · MATHS · PYQ PAPER 2025
Mrs Rathna invested Rs. 2 lakh in an enterprise for 5 years. Her compound annual growth rate (CAGR) turned out to be 20.5%. The end balance would be (given \((1.205)^5=2.54\) ):
- A Rs. 5.08 lakh
- B Rs. 4 lakh
- C Rs. 2.41 lakh
- D Rs. 22.05 lakh
Answer & Solution
Correct Answer
(A) Rs. 5.08 lakh
Step-by-step Solution
Detailed explanation
\( FV = P (1 + r)^n \) \( FV = 2 \text{ lakh} \times (1 + 0.205)^5 \) \( FV = 2 \text{ lakh} \times (1.205)^5 \) \( FV = 2 \text{ lakh} \times 2.54 \) \( FV = 5.08 \text{ lakh} \)
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