Solved UPSC CDS/OTA Question
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Q · InstallmentsDifficult · 45s
₹5,20,000 at 10.75% p.a. for 60 months. Find the **outstanding balance after 22 EMIs** (monthly comp.).
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.
B₂₂ = P(1+i)^22 − A((1+i)^22 − 1)/i ≈ ₹360701.90.
Final Answer: Option A - ₹360701.90