Question

THE FOLLOWING INFORMATION IS EXTRACTED FROM ABC MUTUAL FUND SCHEME : ASSETS VALUE AT THE BEGINNING OF THE MONTH Rs. 60
ANNUALISED RETURN 12 %

Answer 1

Answer:

here is your answer........

Answer 2

Answer:

59.90

Explanation

nav(t) = end of month

nav(t-1)= beginning of month

12% is annual /12= 1%

1/100= 0.01

return= ((nav(t)-nav(t-1)+i+c)/nav(t-1)

0.01=(x-60)+0.4+0.3/60

0.6= x- 59.3

x= 59.90