If NAV of a MF was 60 at the end of the year with 15%
increase during the year, find NAV at the beginning of the year
Answers
Answered by
0
Answer :- ₹52.17
Step-by-step explanation:
NAV at the beginning of the year =
NAV at the end of the year
---------------------------------------
(1+R/100)^n
(n=no. of years)
60
= ---------------
(1+15/100)^1
60
= -----------------
(1 + 0.15)^1
60
= ------------
(1.15)^1
60
= ---------
(1.15)
= ₹ 52.17 (Answer)
Similar questions