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Installments · UPSC CDS/OTA · Question 15 of 51

Installments: ₹4,20,000 at 12.5% for 48 months. After 10 EMIs, you prepay ₹75,000 and continue the same EMI. Approximately how many months are saved?

Step-by-step solution. Installments for UPSC CDS/OTA.

Topic
Installments
Subject
Mathematics
Difficulty
Difficult
Solve Time
45-60 sec

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Q · InstallmentsDifficult · 45s

₹4,20,000 at 12.5% for 48 months. After 10 EMIs, you prepay ₹75,000 and continue the same EMI. Approximately how many months are saved?

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.

Compute B₁₀, subtract prepayment; solve remaining n. Months saved ≈ 9.5.

Final Answer: Option A - 9.5 months
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₹4,20,000 at 12.5% for 48 months. After 10 EMIs, you… - Installments (Mathematics) Solved Question