Solved UPSC CDS/OTA Question
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Q · InstallmentsEASY · 45s
₹1,60,000 is repaid in 4 equal **annual principal** installments at 12% p.a. Find the **first installment**.
TopicInstallments
Question Typemultiple choice
DifficultyEASY
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
Principal/year = ₹40000; 1st‑year interest = ₹19200 ⇒ First = ₹59200.
Final Answer: Option A - ₹59200.00