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Installments · UPSC CDS/OTA · Question 1 of 51

Installments: A loan of ₹3,25,000 is to be repaid in 30 equal monthly installments at 13.5% p.a. (compounded monthly). Find the EMI.

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

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

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Q · InstallmentsDifficult · 45s

A loan of ₹3,25,000 is to be repaid in 30 equal monthly installments at 13.5% p.a. (compounded monthly). Find the EMI.

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.

EMI = P·i/(1−(1+i)^−n), i=0.135/12. EMI ≈ ₹12824.35.

Final Answer: Option A - ₹12824.35
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A loan of ₹3,25,000 is to be repaid in 30 equal monthly… - Installments (Mathematics) Solved Question