Madhu invests ₹ 15,000 in a scheme and at the time of maturity the amount became ₹ 25,000. If CAGR for this investment is 8.88%, calculate the…
CA Foundation · Quantitative Aptitude · PYQS · May 2025
Madhu invests ₹ 15,000 in a scheme and at the time of maturity the amount became ₹ 25,000. If CAGR for this investment is 8.88%, calculate the approximate number of years for which she has invested the amount. [Given that log (1.667) = 0.2219 and log (1.089) = 0.037]
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 6 years
Topics: Part-A: Business Mathematics
Related Questions in this Topic
- lim x→0 log(1+x) / x is equal to ______
- The series 1 2 + 2 2 + 3 2 + 4 2 + ... + 10 2 is equal to
- Which term of the series 3, √3, 1, 1 / √3 , ...... is 1 / 243 ?
- Following are the marks of 10 students:82, 79, 56, 79, 85, 95, 55, 72, 70, 66. Find coefficient of range.
- Two variables x and y are related by 5x + 6y + 9 = 0 and x = 6, then y is