Solved UPSC CDS/OTA Question
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Q · InstallmentsModerate · 45s
A loan of ₹65,000 is repaid by two equal **annual** installments at 14% p.a. (interest on outstanding). Find each installment.
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.
Annual EMI with i=0.14, n=2 ⇒ ₹39473.83.
Final Answer: Option A — ₹39473.83