A lady invested ₹ 10,000 in a mutual fund and the value of investment at the time of redemption was ₹ 20,000. If the compound annual growth rate (CAGR) for this investment is 25.9 %, then the number of years for which she has invested the amount is:-
[Given that : ]
A lady invested ₹ 10,000 in a mutual fund and the value of investment at the time of redemption was ₹ 20,000. If the compound annual growth rate (CAGR) for this investment is 25.9 %, then the number of years for which she has invested the amount is:-
[Given that : ]
Solution
✅ Correct Option: 1
CAGR satisfies , so .
Since , we get years.
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