Question

the NAV of a fund at the time of purchase was rs.117 and its NAV after 15 months was Rs. 135. the annualized change in the NAV is​

Answer 1

Given :  NAV of a fund at the time of purchase was rs.117 and its NAV after 15 months was Rs. 135.

To Fin d:  annualized change in the NAV  

Solution:

NAV of a fund at the time of purchase was rs.117

NAV after 15 months was Rs. 135

NAV increased by = 135 - 117 = Rs 18

NAV changed by + Rs 18  in 15 month

NAV changed in 15 months   = Rs 18

NAV changed in 1  month   = Rs 18/15  = 6/5

NAV changed in 12  months   = Rs 18/15  = 12 * 6/5  = 72/5

= 14.4

14.4 Rs    annualized change in the NAV  

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