Ravi made of an investment of ₹ 15,000 in a scheme and at the time of maturity the time of maturity the amount was ₹ 25,000. If Compound Annual…
CA Foundation · Quantitative Aptitude · MTP · May 2026
Ravi made of an investment of ₹ 15,000 in a scheme and at the time of maturity the time of maturity the amount was ₹ 25,000. If Compound Annual Growth Rate (CAGR) for this investment is 8.88%. Calculate the approximate number of years for which he has invested the amount.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 6
Topics: Part-A: Business Mathematics
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