The fomula for calculating compound annual growth rate of an investment is:
[F.V = final value of the investment, P.V = starting value of the investment, n = investment period]
The fomula for calculating compound annual growth rate of an investment is:
[F.V = final value of the investment, P.V = starting value of the investment, n = investment period]
Solution
✅ Correct Option: 3
CAGR is the constant annual rate satisfying .
Solving, , so .
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