2024 Slot 1 PYQs

For which one of the following purposes is CAGR (Compounded Annual Growth Rate) not used ?

A flower vase costs ₹ $36,000$. With an annual depreciation of ₹ $2,000$, its cost will be ₹ $6,000$ in _____ years.

Ms. Sheela creates a fund of ₹ $1,00,000$ for providing scholarships to needy children. The scholarship is provided in the beginning of the year. This fund earns an interest of $r \%$ per annum. If the scholarship amount is taken as ₹ $8,000$, then $r=$