What the fuck

Loan Amount: ₹10,00,000 Pending Amount: ₹6,00,000 Loan Period: 5 years Annual
Interest Rate: 11.75%

First, let's calculate the monthly interest rate:

����ℎ�� �������� ����=������ ����
���� ����12×100Monthly Interest Rate=12×100Annual Interest Rate
����ℎ�� �������� ����=11.7512×100=0.00979167
Monthly Interest Rate=12×10011.75=0.00979167

Next, we'll calculate the monthly installment using the formula:

���=�×�×(1+�)�(1+�)�−1EMI=P×(1+r)n−1r×(1+r)n

Where:

 �P = Loan amount
 �r = Monthly interest rate
 �n = Total number of payments (months)

Using the given loan details: �=₹6,00,000P=₹6,00,000

�=0.00979167r=0.00979167 �=5×12=60n=5×12=60 (5 years converted to
months)

Now, let's calculate the monthly installment (EMI).

���=600000×0.00979167×(1+0.00979167)60(1+0.00979167)60−1EMI=
600000×(1+0.00979167)60−10.00979167×(1+0.00979167)60

���≈12606.06EMI≈12606.06

Now, we'll create a repayment schedule for each month over the loan period of 5
years:

markdownCopy code
Month Opening Balance Monthly Payment Interest Principal Closing Balance
----------------------------------------------------------------------------------------- 1 ₹10,00,000 ₹12,606.06 ₹9,791.67
₹2,814.39 ₹9,97,185.61 2 ₹9,97,185.61 ₹12,606.06 ₹9,784.21 ₹2,821.85 ₹9,94,363.76 3 ₹9,94,363.76
₹12,606.06 ₹9,776.74 ₹2,829.32 ₹9,91,534.44 ... ... ... ... ... ... 60 ₹0 ₹12,606.06 ₹8.17 ₹12,597.89 ₹0

This schedule shows how each monthly payment is distributed between interest and
principal, gradually reducing the loan amount until it reaches zero at the end of the
loan term.