If the initial investment of ₹ 4,00,000 becomes ₹ 6,00,000 in 24 months, then the compound Annual Growth Rate (CAGR) is:
CA Foundation · Quantitative Aptitude · MTP · January 2026
If the initial investment of ₹ 4,00,000 becomes ₹ 6,00,000 in 24 months, then the compound Annual Growth Rate (CAGR) is:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. 22.4%
Topics: Part-A: Business Mathematics
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