Question

Priya invested rs 20000 in mutual fund with NAV Rs 15.75. find the number of units acquired by her if, 1) there is no entry load 2) the entry load is 2%.​

Answer 1

Answer:

12.57142

Because, you need to subtract rs 200 from 20000 as rs 200 is 2% of 20000 and then divide 20000 from 15.75

Answer 2

Step-by-step explanation:

Given Priya invested Rs 20000 in mutual fund with NAV Rs 15.75. find the number of units acquired by her if, 1) there is no entry load 2) the entry load is 2%

• So we need to find two types.
• If there is no entry load
•               NAV = Rs 15.75
•         So for 1 unit it is Rs 15.75
• Now number of units acquired by Priya will be
•                                            Total amount invested / NAV
•                                                        20,000 / 15.75
•                                                          = 1269.84
• The entry load is 2% = 2/100
• So for 1 unit entry load will be 15.75 x 2 / 100
•                                                        = 0.315
• The amount per unit along with load entry will be
•                                                        = 15.75 + 0.315
•                                                       = 16.065
• Therefore the number of units acquired by her will be
•                                                                 = Amount invested / price for 1 unit
•                                                                 = 20,000 / 16.065
•                                                                 = 1244.94

Reference link will be

https://brainly.in/question/17569742