An investment grows from ₹10,000 to ₹14,641 in 4 years. What is its compound annual growth rate?

Explanation

1. 01

   CAGR is the ratio of the end value to the start value raised to the power $\frac{1}{n}$, minus 1: $(1.4641)^{1/4} - 1$.

2. 02

   $1.1^{4} = 1.4641$, so CAGR $= 1.1 - 1 = 10\%$.