CUET · MATHS · PYQ PAPER 2025
Shyam invested ₹ 2, 00, 000 in 2019 for 5 years.
If the compound annual growth rate (CAGR) for his investment is \(10 \%\), then the end balance of his investment is :
- A ₹ \(3,22,102\)
- B ₹ \(3,49,900\)
- C ₹ 3, 49, 960
- D ₹ \(3,60,490\)
Answer & Solution
Correct Answer
(A) ₹ \(3,22,102\)
Step-by-step Solution
Detailed explanation
\(A = P (1 + r)^n\) \(A = 2,00,000 (1 + 0.10)^5\) \(A = 2,00,000 (1.10)^5\) \(A = 2,00,000 \times 1.61051\) \(A = 3,22,102\)
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