CUET Mathematics - A person invested ₹ 20000 in a mutual fund in year 2018. The value of the mutual fund increased to ₹ 32000 in year 2023. The compound annual growth rate of his investment is: [Given that (1.6)^1/5 = 1.098] | PYQs + Solutions

CUET Mathematics 2025 13 May Shift 1

Statistics & Applications

Medium

applied

9.8%

8.7%

10 %

7.8 %

✅ Correct Option: 1

Related questions:

14 May Shift 1

Which of the following are correct about the Sinking Fund?

(A) It is a fixed term account.

(B) It is a set-up for a particular upcoming expense.

(D) It can be used in any emergency.

Choose the correct answer from the options given below:

CUET Mathematics 2024 Slot 1

Match List-I with List-II:

21 May Shift 2

Which of the following is not correct about the Compound Annual Growth Rate (CAGR)?

CUET Mathematics 2025 13 May Shift 1 PYQs