A start-up company invested ₹ 3,00,000 in shares for 5 years. The value of this investment was ₹ 3,50,000 at the end of second year, ₹ 3,80,000 at…

A start-up company invested ₹ $\displaystyle 3,00,000$ in shares for $\displaystyle 5$ years. The value of this investment was ₹ $\displaystyle 3,50,000$ at the end of second year, ₹ $\displaystyle 3,80,000$ at the end of third year and on maturity, the final value stood at ₹ $\displaystyle 4,50$,000. Calculate the Compound Annual Growth Rate (CAGR) on the investment. [Given that : $\displaystyle (1.5)^{1 / 5}=1.084$]