1) The market value of a mutual fund is 400 crore rupees,which is divided into 8 crore units
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Answer:
200 units and Rs 11,000
Step-by-step explanation:
Given market value of mutual fund is 400 crore rupees which is divided into 8 crore units . here we have to find the number of units we get and also the amount by selling these units.
This means 400 crore rupees is divided into 8 crore units
Therefore 1 crore unit is divided into 400 crore / 8 crore which is 50 rupees per unit.
(a) It is given that you invest rs 10,000. Now we have
for 1 unit it is rs 50
for rs 10,000 it will be 10,000 / 50 = 200 units
(b) market value is increased by 10%
So 10% of 50 will be rs 5 and 50 + 5 = rs 55
The amount by selling we get is 200 x 55 which is equal to Rs 11,000
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