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    This Is The Formula To Caluculate

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    saran_keerthi
    E = pxrx(1 + r)n / ((1 + R)n - 1) where P is principal loan amount r is rate of interest calualted in monthly basis it should be = Rate of Annual interest / 12 / 100 if its 10% annual,then its 12 / 10 / 100=0.00833 n is tenture in number of months. For 100000 at 10% annual interest for a period of 12 months it comes to 100000

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    This Is The Formula To Caluculate

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    saran_keerthi
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    E = pxrx(1 + r)n / ((1 + R)n - 1) where P is principal loan amount r is rate of interest calualted in monthly basis it should be = Rate of Annual interest / 12 / 100 if its 10% annual,then its 12 / 10 / 100=0.00833 n is tenture in number of months. For 100000 at 10% annual interest for a period of 12 months it comes to 100000

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    This is the Formula to Caluculate

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    E = pxrx(1 + r)n / ((1 + R)n - 1) where P is principal loan amount r is rate of interest calualted in monthly basis it should be = Rate of Annual interest / 12 / 100 if its 10% annual,then its 12 / 10 / 100=0.00833 n is tenture in number of months. For 100000 at 10% annual interest for a period of 12 months it comes to 100000

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    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    5 views1 page

    This Is The Formula To Caluculate

    Uploaded by

    saran_keerthi
    E = pxrx(1 + r)n / ((1 + R)n - 1) where P is principal loan amount r is rate of interest calualted in monthly basis it should be = Rate of Annual interest / 12 / 100 if its 10% annual,then its 12 / 10 / 100=0.00833 n is tenture in number of months. For 100000 at 10% annual interest for a period of 12 months it comes to 100000

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    Attribution Non-Commercial (BY-NC)
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    Download as docx, pdf, or txt
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    This is the formula to caluculate: E = Pr(1 + r)n/((1 + r)n - 1) E is EMI where P is Priniple Loan Amount r is rate of interest calualted

    in monthly basis it should be = Rate of Annual interest/12/100 if its 10% annual ,then its 10/12/100=0.00833 n is tenture in number of months Eg: For 100000 at 10% annual interest for a period of 12 months it comes to 100000*0.00833*(1 + 0.00833)12/((1 + 0.00833)12 - 1) = 8792

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