How to calculate EMI? Here is the Formula
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How to calculate EMI? Here is the Formula
The formula for EMI Calculation is - P x R x (1+R)^N / [(1+R)^N-1] where- P = Principal loan amount N = Loan tenure in months R = Monthly interest rate The rate of interest (R) on your loan is calculated per month.
100.8K viewsSep 23, 2022
Equated monthly installment EMI Calculator
Equated Monthly Installment (EMI): How It Works, Formula, Examples
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26K views · 159 reactions | The 40% EMI (Equated Monthly Installment)...
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