What is the CAGR if ₹1 lakh grew to ₹3 lakh in 8 years?
An investment that grew from ₹1,00,000 to ₹3,00,000 over 8 years has a CAGR of about 14.72%.
What is CAGR?
CAGR (Compound Annual Growth Rate) is the constant annual rate at which a single investment would need to grow to go from its beginning value to its ending value over a given period — it assumes one entry and one exit, unlike XIRR which handles multiple cash flows.