Indian Institute of Foreign Trade 2014 Solved Paper

Eight years after completion of your MBA degree, you start business of your own. You invest INR 30,00,000 in the business that is expected to give you a return of 6%, compounded annually. If the expected number of years which your investment shall double is 72/r, where r is the percent interest rate, the approximate expected total value of investment (in INR) from your business 43 years later is: