Question

Write the correct alternative for the following questions.

The NAV of a unit in mutual fund scheme is Rs 10.65 then find the amount required to buy 500 such units

Options

•  5325

• 5235

•  532500

• 53250

Answer 1

NAV of a unit in mutual fund scheme = Rs 10.65

Number of units to be bought = 500

∴ Total amount required = NAV of a unit in mutual fund scheme × Number of units to be bought = Rs 10.65 × 500 = Rs 5,325