Question

Rekha invested rs 7000 in a mutual fund when its NAV was rs 12.50 if 20% dividend is declared by the mutual fund then how much amount Rekha gets​

Answer 1

Answer:

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Answer 2

Answer:

The amount Rekha will get from her investment will be Rs.1120

Step-by-step explanation:

$NAV = \frac{Amount Invested}{No. of units}$

• No. of units = 7000 ÷ 12.5 = 560

• Now, Here face value of the mutual fund is not given,

        therefore we will assume it as Rs.10.

• The Dividend per unit will be 20% of Rs.10

        ⇒ 20 × 10 ÷ 100

        ⇒  Rs. 2

• The amount received by Rekha as a part of her investment in the mutual fund is equal to

        ⇒  No of Unit × Dividend per unit

         ⇒   560 × 2

        ⇒   Rs. 1120

Therefore, Rekha will receive Rs. 1120 as part of Dividend.

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