A person invested ₹5,00,000 in a fund. At the end of the year, the value of the fund is ₹6,50,000. The nominal rate of return, if the market price is the same at the end of the year is:
A person invested ₹5,00,000 in a fund. At the end of the year, the value of the fund is ₹6,50,000. The nominal rate of return, if the market price is the same at the end of the year is:
Solution
✅ Correct Option: 4
With no change in market price, the return is entirely the gain in value: , i.e. 30%.
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