Mathematics of FinancePYQ Sept 25Question 4258 of 479
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Ms. Y invested ₹ 2,00,000 in a mutual fund equity scheme. She redeemed entire investment after 96 months and received ₹ 6,00,000 after redemption. What was the Compound Annual Growth Rate (CAGR) in percentage? (Given: 1.14724=1.732\displaystyle 1.1472^4 = 1.732)

Options

A14.72
B15.72
C13.72
D12.72
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Correct Answer

Option a14.72

All Options:

  • A14.72
  • B15.72
  • C13.72
  • D12.72

About This Chapter: Mathematics of Finance

Paper

Paper 3: Quantitative Aptitude

Weightage

12-16 Marks

Key Topics

Simple & Compound Interest, Annuity, Perpetuity

The most important mathematical chapter in the entire syllabus. It covers Simple Interest (SI), Compound Interest (CI), Nominal vs Effective rates, Present and Future Value, Annuities (Ordinary and Due), Sinking Funds, and Perpetuities. The concepts learned here are applied heavily in CA Intermediate and Final.

View Official ICAI Syllabus

Exam Strategy Tip

Guaranteed 12-16 marks. Master your calculator! Learn the 'GT' and compound interest M+/M- tricks to solve annuity questions in 10 seconds without writing long formulas.

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