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Mr. X invested Rs.20,000 in year 2022 for 5 years. If Compound annual growth rate for that investment turned out to be 12%, the end value of the investment will be : {Use (1.12)5=1.76(1.12)^5 = 1.76}

Solution

✅ Correct Option: 4

End value =P(1+r)t=20000×(1.12)5=20000×1.76=35200= P(1 + r)^t = 20000 \times (1.12)^5 = 20000 \times 1.76 = 35200.

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