Solved UPSC CDS/OTA Question
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Q · InstallmentsEasy · 45s
A ₹1,75,000 loan at 14% p.a. for 18 months (monthly comp.). A one‑time processing fee of ₹1,500 is ignored in EMI. Find the EMI.
TopicInstallments
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
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EMI unaffected by one‑time fee ⇒ EMI ≈ ₹10835.16.
Final Answer: Option A - ₹10835.16