Ram had invested Rs. 15,000 in a mutual fund and the value of the investment at the time of redemption was Rs. 25,000. If the compound annual growth…
CUET UG 2025 — Mathematics Statistics & Applications
Ram had invested Rs. 15,000 in a mutual fund and the value of the investment at the time of redemption was Rs. 25,000. If the compound annual growth rate (CAGR) is 8.88%, then the number of years for which Ram has invested the amount is:
[Given: log1.089≈0.0370 and log1.667≈0.2220]
Held on 27 May 2025 · Verified 13 Jul 2026.
Options
- A
6 years
- B
5 years
- C
7 years
- D
4 years
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