Solved UPSC CDS/OTA Question
A solved UPSC CDS/OTA PYQ - decoded step-by-step.
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Q · InstallmentsDifficult · 45s
A ₹2,20,000 loan is cleared by 36 equal monthly EMIs of ₹10,350 each. Find the annual rate (approx).
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.
Solving numerically ⇒ r ≈ 30.0% p.a.
Final Answer: Option A - 30.0%