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# Formula for EMI

Updated: 11/3/2022

Wiki User

15y ago

E= P x r x (1 + r)n / ((1+r)n -1) Here p=principal amount r = interesr rate per month(ex: if interest rate per annum is 10% then 10/(12*100)) n= tenure in months

Wiki User

15y ago

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Q: Formula for EMI
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