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An investment of ₹ 10,000 becomes ₹ 60,000 in 4 years, then the CAGR (compound annual growth rate) is given by -

a) \(\frac{\sqrt[4]{6} -1}{100}\)

b) \(\frac{\sqrt[4]{6} +1}{100}\)

c) \([\sqrt[4]6 - 1] \times 100\)

d) \([\sqrt[4]6 + 1] \times 100\)

1 Answer

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Best answer

Correct option is c) \([\sqrt[4]6 - 1] \times 100\) 

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