Question 1
Ria invested Rs 10,000 in a fund that tripled her investment 12 years later. What was the approximate annual rate of interest (compounded annually) of the fund?
6.12%
9.59%
11.60%
13.05%
Ria invested Rs 10,000 in a fund that tripled her investment 12 years later. What was the approximate annual rate of interest (compounded annually) of the fund?
6.12%
9.59%
11.60%
13.05%
Correct answer
9.59%
Question 1 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Corporate Finance 15 Mar 26). It carries 4 marks.