Solved UPSC CDS/OTA Question
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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
Q 1 / 30Next question →
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