Mathematics · Percentage and Financial Math
A fund with ₹500 crore Assets Under Management (AUM) charges a 2% annual management fee. What is the annual management fee revenue?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹100 crore
- 2₹10 crore✓
- 3₹20 crore
- 4₹5 crore
Correct answer
₹10 crore
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