Solved UPSC CDS/OTA Question
A solved UPSC CDS/OTA PYQ - decoded step-by-step.
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Q · InstallmentsModerate · 45s
How many months to clear a ₹2,75,000 loan by EMIs of ₹13,200 at 12.25% p.a. (monthly comp.)?
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.
n = −ln(1−Pi/A)/ln(1+i) with i=0.1225/12 ⇒ n ≈ 23.5 months.
Final Answer: Option A - 24 months