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emi formula

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n - 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
For instance, the EMI for a principal amount for Rs 1 lakh, 10% interest rate and 12 months

Posted by: Guest on June-22-2021

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