₹3,80,000 loan: EMI fixed using 9.25% p.a. for 36… - Installments (Mathematics) Solved Question

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Q · InstallmentsDifficult · 45s

₹3,80,000 loan: EMI fixed using 9.25% p.a. for 36 months. After 18 EMIs, rate rises to 11.75% p.a. but EMI remains the same. Find **outstanding after 36th**.

TopicInstallments

Question Typemultiple choice

DifficultyDifficult

Marking+1 / −0.33

Test Duration30 min

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Step-by-Step Solution

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Compute B₁₈ at r₁; evolve 18 months at r₂ with same EMI ⇒ Balance ≈ ₹4587.80.

Final Answer: Option A - ₹4587.80

Installments: ₹3,80,000 loan: EMI fixed using 9.25% p.a. for 36 months. After 18 EMIs, rate rises to 11.75% p.a. but EMI remains the same. Find **outstanding after 36th**.

A solved UPSC CDS/OTA PYQ - decoded step-by-step.

The complete worked solution.

More Installments questions - same topic, different frame.

Installments: ₹3,80,000 loan: EMI fixed using 9.25% p.a. for 36 months. After 18 EMIs, rate rises to 11.75% p.a. but EMI remains the same. Find outstanding after 36th.