Question

Geeta invested * 80,000 in a cumulative (no dividend payout)
mutual fund scheme, in which there is no entry load or exit load.
The NAV after 7 years is 2,10,000. What is the rate of return ?43.21​

Answer 1

Answer:

3,70,000

Step-by-step explanation:

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Answer 2

Answer:

The rate of return is 1.625.

Step-by-step explanation:

Given:
The amount invested is the initial value and NAV is the final value.

Initial Value(V₁)=80000

Final Value(V₂)=210000

To find: Rate of return(R)=?

Solution:

We know that,

The ratio of the difference between the final and the initial value to the initial value is the return.

$R=\frac{V_{2}-V_{1}}{V_{1}}$

   = $\frac{210000-80000}{80000}$

   = 1.625

Therefore, the rate of return is 1.625.