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Part 2 Numerical AbilityCIL MT Mechanical 2026
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Which of the following is the correct first installment amount to clear a loan of ₹18000 at 10% simple interest per annum, to be paid in 2 equal yearly installments? (Rounded off to the nearest rupee)

A

₹12000

B

₹10330

C

₹10286

D

₹11200

Correct Answer

⚙️ TE • Technical Verified SolutionPart 2 Numerical AbilityCIL MT Mechanical 2026
Option C

₹10286

Quick Summary:

Practice and solve "Which of the following is the correct first installment amount to clear a loan of ₹18000 at 10% simp..." for Part 2 Numerical Ability - CILMTMechanical 2026. The correct answer is Option C: ₹10286. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

Concept & Solution

Practice and solve "Which of the following is the correct first installment amount to clear a loan of ₹18000 at 10% simp..." for Part 2 Numerical Ability - CILMTMechanical 2026. The correct answer is Option C: ₹10286. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

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