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Q.

The market value of a mutual fund is Rs. 15 crore. The company has divided into 60 lakh units. Find the NAV of each unit. If Sarala invests Rs. 12000 in the fund, how many units will she get?

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a

25,480  

b

15,400  

c

20,480  

d

25,400 

answer is A.

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Detailed Solution

Given that,
Market value=15 cr
Company has divided unit= 60 lakh units
So NAV of each unit =150000000/6000000=25
Sarala invest =12000  So she will get= 12000/25
480 units
Hence,we get that NAV is 25 and Sarala will get 480 units.
   Type-   CBSE
Grade-  10
Subject-  Mathematics
Chapter-  Inverse trigonometric function   
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