ABC Company provides a mutual fund to two customers, Mr. Ram and Mr. Prem. Mr. Ram pays Rs. 50,000 and Mr Prem pays Rs. 40,000. The management charges for both accounts are Rs. 500 and Rs. 400. The total number of units within the funds is 8,910.
The net assets of the fund are Rs. 1, 00,000. Find the fund's net asset value.
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Mr. Ram and Mr. Prem. Mr. Ram pays Rs. 50,000 and Mr Prem pays Rs. 40,000. The management charges for both accounts are Rs. 500 and Rs. 400. The total number of units within the funds is 8,910.
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ABC Company provides a mutual fund to two customers, Mr. Ram and Mr. Prem. Mr. Ram pays Rs. 50,000 and Mr Prem pays Rs. 40,000. The management charges for both accounts are Rs. 500 and Rs. 400. The total number of units within the funds is 8,910.
The net assets of the fund are Rs. 1, 00,000. Find the fund's net asset value.
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