₹50,000 grows to ₹75,000 in 3 years. What is the CAGR? (Take $(1.5)^{1/3} = 1.1447$.)

Explanation

1. 01

   $\frac{E}{B} = \frac{75{,}000}{50{,}000} = 1.5$.

2. 02

   CAGR $= (1.5)^{1/3} - 1 = 0.1447$, about 14.47% a year.