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Installments · UPSC CDS/OTA · Question 8 of 51

Installments: ₹1,40,000 is to be repaid in 8 **quarterly** installments at 9.5% p.a. (quarterly comp.). Find each installment.

Step-by-step solution. Installments for UPSC CDS/OTA.

Topic
Installments
Subject
Mathematics
Difficulty
Moderate
Solve Time
45-60 sec

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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
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₹1,40,000 is to be repaid in 8 **quarterly**… - Installments (Mathematics) Solved Question