Solved UPSC CDS/OTA Question
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Q · InstallmentsDifficult · 45s
₹1,80,000 at 12% p.a. quarterly comp. If the standard **6-quarter EMI** plan is used but you clear with a **balloon after 5th** installment, find the balloon amount.
TopicInstallments
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
B₅ = P(1+i)^5 − A((1+i)^5 − 1)/i with i=0.12/4 ⇒ ₹32259.76.
Final Answer: Option A - ₹32259.76