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how to solve this in financial calculator by log
question image
Asked by usakoyalshailesh | 15 Apr, 2024, 09:48: AM
answered-by-expert Expert Answer

The fund's geometric mean return over the 10 years is closest to:

(A) 2.94 percent

(B) 2.97 percent

(C) 3.00 percent

Solution:

We get,

img

We can rewrite this in logarightmic form as:

img

Answered by Renu Varma | 15 Apr, 2024, 05:47: PM

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