The market value of a mutual fund is Rs. 15 crore. The company has
divided it into 60 lakh units. Find the NAV of each unit. If Sarala invests
Rs. 12, 000 in the fund, how many units will she get ?
Attachments:
Answers
Answered by
10
Answer:
It is given that the market value of a mutual fund is rs.15 crore.
The company has divided it into 60 lakh units. The NAV of each unit is
\frac{150,000,000}{6,000,000}=256,000,000150,000,000=25
The NAV of each unit is rupees 25.
Sarala invests 12000. Let the number of units be x.
\frac{12000}{x}=\frac{25}{1}x12000=125
\frac{12000}{25}=x2512000=x
480=x480=x
Therefore Sarala will get 480 units.
Similar questions