Solved UPSC CDS/OTA Question
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Q · InstallmentsModerate · 45s
₹1,40,000 is to be repaid in 8 **quarterly** installments at 9.5% p.a. (quarterly comp.). Find each installment.
TopicInstallments
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained — no skipped algebra.
i=0.095/4, n=8 ⇒ EMI ≈ ₹19421.50.
Final Answer: Option A — ₹19421.50