Solved UPSC CDS/OTA Question
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Q · InstallmentsModerate · 45s
₹2,60,000 is to be repaid in 12 **quarterly** installments at 8.75% p.a. (quarterly comp.). Find the installment amount.
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=0.0875/4; n=12 ⇒ EMI ≈ ₹24869.48.
Final Answer: Option A — ₹24869.48