MAY 2025Foundation
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]
A
(A) 6 years
B
(B) 7.7 years
C
(C) 5.5 years
D
(D) 7 years