Question

The NAV of a unit in mutual fund scheme is Rupees 10.65 then find the amount required to buy 500 such units.
(A) 5325
(B) 5235
(C) 532500
(D) 53250

Answer 1

Dear Student,

◆ Answer -

(A) Rs 5325

◆ Explanation -

Given that Net asset value of a unit in mutual fund scheme is 10.65 Rs.

Total amount of money required to buy 500 units in mutual fund scheme is -

Total amount = NAV of a unit × no of units

Total amount = 10.65 × 500

Total amount = 5325 Rs

Therefore, 5325 Rs are required to buy 500 units in mutual fund scheme.

Hope this helps you...