Question

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.12000 in the fund, how many units will she get?

Answer 1

Answer:

Sarala will get 480 units.

Step-by-step explanation:

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

$\frac{150,000,000}{6,000,000}=25$

The NAV of each unit is rupees 25.

Sarala invests 12000. Let the number of units be x.

$\frac{12000}{x}=\frac{25}{1}$

$\frac{12000}{25}=x$

$480=x$

Therefore Sarala will get 480 units.

Answer 2

Answer:

Sarala will get 480 units.

Step-by-step explanation:

Hope it helps