Solved UPSC CDS/OTA Question
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Q · InstallmentsModerate · 45s
₹1,80,000 is repaid in 6 equal **annual principal** installments at 11% p.a. (simple on outstanding). Find the **first** 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.
Principal/year = ₹30000; 1st-year interest = ₹19800 ⇒ First = ₹49800.
Final Answer: Option A — ₹49800.00