answersLogoWhite

0


Best Answer

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

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Formula for EMI
Write your answer...
Submit
Still have questions?
magnify glass
imp