Solved UPSC CDS/OTA Question
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Q · InstallmentsEasy · 45s
A loan of ₹1,50,000 has a 2‑month **interest‑free grace** (no interest, no payment), then 30 monthly EMIs at 11% p.a. Find the EMI.
TopicInstallments
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
Grace doesn't accrue interest ⇒ EMI computed on full P for 30 months at 11% ≈ ₹5741.71.
Final Answer: Option A - ₹5741.71