Solved UPSC CDS/OTA Question
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Q · InstallmentsModerate · 45s
₹1,50,000 is repaid in 5 equal **annual principal** installments at 13% p.a. Find the difference between the first and last 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.
First = ₹49500, Last = ₹33900 ⇒ Diff = ₹15600.
Final Answer: Option A — ₹15600.00