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  • EMI Calculator

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    Seby Cherian
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    The document outlines the details of a loan taken for Rs. 10,000 over 1 year at an interest rate of 24% per year. It shows the monthly installment amount is Rs. 217, which is applied first to pay interest due and then any remaining amount goes towards reducing the principal amount outstanding. It includes a table tracking the monthly installments paid, interest, principal and remaining principal over the 1-year term of the loan.

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    The document outlines the details of a loan taken for Rs. 10,000 over 1 year at an interest rate of 24% per year. It shows the monthly installment amount is Rs. 217, which is applied first to pay interest due and then any remaining amount goes towards reducing the principal amount outstanding. It includes a table tracking the monthly installments paid, interest, principal and remaining principal over the 1-year term of the loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    5 views4 pages

    EMI Calculator

    Uploaded by

    Seby Cherian
    The document outlines the details of a loan taken for Rs. 10,000 over 1 year at an interest rate of 24% per year. It shows the monthly installment amount is Rs. 217, which is applied first to pay interest due and then any remaining amount goes towards reducing the principal amount outstanding. It includes a table tracking the monthly installments paid, interest, principal and remaining principal over the 1-year term of the loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 4

    Loan Amount

    Loan Term (Years)

    Payments Per Year

    52

    Rate of Interest
    Monthly Installment

    Sl. No.

    Date

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    32
    33

    10000

    24.00%
    217

    Installment

    Interest

    Principal

    217

    46

    217

    45

    217

    45

    217

    44

    217

    43

    217

    42

    217

    41

    217

    41

    217

    40

    217

    39

    217

    38

    217

    37

    217

    36

    217

    36

    217

    35

    217

    34

    217

    33

    217

    32

    217

    31

    217

    31

    217

    30

    217

    29

    217

    28

    217

    27

    217

    26

    217

    25

    217

    24

    217

    24

    217

    23

    217

    22

    217

    21

    217

    20

    217

    19

    171
    171
    172
    173
    174
    175
    175
    176
    177
    178
    179
    179
    180
    181
    182
    183
    184
    184
    185
    186
    187
    188
    189
    190
    191
    191
    192
    193
    194
    195
    196
    197
    198

    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44
    45
    46
    47
    48
    49
    50
    51
    52
    TOTAL

    217

    18

    217

    17

    217

    16

    217

    15

    217

    14

    217

    14

    217

    13

    217

    12

    217

    11

    217

    10

    217

    217

    217

    217

    217

    217

    217

    217

    217

    1271

    199
    200
    200
    201
    202
    203
    204
    205
    206
    207
    208
    209
    210
    211
    212
    213
    214
    215
    216
    10000

    Principal O/S
    10000
    9829
    9658
    9486
    9313
    9139
    8965
    8789
    8613
    8436
    8258
    8080
    7900
    7720
    7539
    7357
    7174
    6990
    6806
    6620
    6434
    6247
    6059
    5871
    5681
    5490
    5299
    5107
    4913
    4719
    4524
    4329
    4132
    3934

    3736
    3536
    3336
    3134
    2932
    2729
    2525
    2320
    2113
    1906
    1699
    1490
    1280
    1069
    857
    644
    431
    216
    0

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