Independence Day Sale is liveGet up to 75% OFFGrab the offer
Installments · UPSC CDS/OTA · Question 47 of 51

Installments: A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each instalment.

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

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

Solved UPSC CDS/OTA Question

A solved UPSC CDS/OTA PYQ - decoded step-by-step.

Solve it the standard way once - then learn the shortcut.

Q · InstallmentsModerate · 45s

A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each instalment.

TopicInstallments
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

Solution illustration 1
Final Answer: Option B - 6,615
Solve Question✦ Build Plan
A loan of 12,300 at 5% per annum compound interest, is… - Installments (Mathematics) Solved Question