What is the CAGR if ₹8 lakh grew to ₹22 lakh in 9 years?
Based on these numbers, the CAGR works out to about 11.90%.
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.