Applied Mathematics

Financial Mathematics

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applied

Amit made an investment of ₹27,000 in a no-fee fund for 3 years. At the end of the third year, the value of the investment increased to ₹64,000. The compound annual growth rate (CAGR) percentage of the investment is

13.73%

26.24%

8.25%

33.33%

✅ Correct Option: 4

CAGR $=\left(\frac{64000}{27000}\right)^{1/3}-1=\left(\frac{64}{27}\right)^{1/3}-1=\frac{4}{3}-1=\frac{1}{3}$ .

As a percentage this is about $33.33\%$ .

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Amit made an investment of ₹27,000 in a no-fee fund for 3 years. At the end of the third year, the value of the investment increased to ₹64,000. The compound annual growth rate (CAGR) percentage of the investment is

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