| Principal | Rate of Interest | Months | |||
|---|---|---|---|---|---|
| EMI | |||||
EMI Formula = p*r*(1+r)n/{(1+r)n-1}
where
p = principal amount
r = interest rate per month (ex: if interest rate per annum is 10% then r = (10/12)/100
n = tenure in months
Sunday, August 2, 2009
EMI Calculator
Enter the Principal amount (the amount of loan to be taken), Rate of Interest per annum/year and the number of Months for which the loan is to be taken. The EMI would be calculated dynamically.
EMI Formula = p*r*(1+r)n/{(1+r)n-1}
where
p = principal amount
r = interest rate per month (ex: if interest rate per annum is 10% then r = (10/12)/100
n = tenure in months
EMI Formula = p*r*(1+r)n/{(1+r)n-1}
where
p = principal amount
r = interest rate per month (ex: if interest rate per annum is 10% then r = (10/12)/100
n = tenure in months
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