CUET Mathematics - Ram invested Rs.20,000 in a mutual fund in the year 2012. The value of the mutual fund increased to Rs.32,000 in the year 2017, then the compound annual growth rate of his investment is (Given that (1.6)^1/5 = 1.098) | PYQs + Solutions

CUET Mathematics 2025 3 June Shift 2

Statistics & Applications

Medium

applied

10.8%

7.8%

9.8%

6.8%

✅ Correct Option: 3

Related questions:

3 June Shift 1

A company purchased a machine for ₹ 15,00,000 and its effective life is estimated to be 10 years. A sinking fund is created for replacing the machine at the end of its effective life when its scrap value is ₹ 2,42,000. What amount company should provide, at the end of every year out of profits for the sinking fund if it accumulates an interest of 5% per annum? [Given(1.05)¹⁰=1.629]

2 June Shift 1

The amount of money needed to ensure for a prize of ₹ 5000 at the begining of each year indefinitely if money is worth 5% compounded annually is:

22 May Shift 1

Which one of the following statement is incorrect about sinking fund?

CUET Mathematics 2025 3 June Shift 2 PYQs

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