the market value of a mutual fund is 400 crore rupees which is divided into 8 crore units.
1.It you invest Rs.10,000 in the units, how many units will you get?
2.While selling the units if their market value is increased by 10%,how much amount will you get by selling them?
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Answer:1- 200 units
2- apro. 181 units
Step-by-step explanation:
Total amount =400crore
No. Of units=8crore
MV=400crore/ 8 crore
=50Rs
Amount to be invested - 10000Rs
No. Of units =10000/50
=200 units
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