The net asset value (NAV) of a Mutual Fund is calculated at the end of the financial year. For the last five years following values are computed.…

CA Foundation · Quantitative Aptitude · PYQS · January 2026
The net asset value (NAV) of a Mutual Fund is calculated at the end of the financial year. For the last five years following values are computed. Year | 2021 | 2022 | 2023 | 2024 | 2025 NAV | 100 | 115 | 150 | 120 | 200 Calculate the Compounded Annual Growth Rate of NAV.
(A) A. 16.92%
(B) B. 18.92%
(C) C. 20.92%
(D) D. 22.92%

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. 18.92%

Topics: Part-A: Business Mathematics

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