Solved UPSC CDS/OTA Question
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Q · InstallmentsDifficult · 45s
An EMI of ₹11,800 is paid for 48 months at 11.5% p.a. (monthly compounding). Find the principal.
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.
P = A(1−(1+i)^−n)/i, i=0.115/12 ⇒ P ≈ ₹452297.75.
Final Answer: Option A - ₹452297.75