News

EMI calculation

                  Dathrri services 

                              Hyderabad 

L.Manik Reddy M D

L.Manik Reddy                
                      M.D
 Dathrri Services

The loan taking from banks or finance institutions is calculation of EMI  for home, personal loans.
EMI= ( Equated  monthly  installment)

Calculation\quad of\quad EMI\\ Calculation\quad per\quad EMI=\frac { pr{ \left( 1+r \right) }^{ n } }{ { \left( 1+r \right) }^{ n\quad }-1 } \\ P=\quad Prenicple\quad amount\\ R=Rate\quad of\quad intresete\quad per\quad month\\ N=Tenur\quad in\quad months.\quad
Example    Principal Amount  =2,00,000/-
Rate of interest =9.5% pa
Tenure =24 months (2 years)

                                            [n=tuner

Method     1

Calculating = Principle  amount X Interest/ 100

= 200000X9.5/100

=19000/-

Interest = 19000/1.819    (Divided by 1.819 )

=10445/-

Total amount = principle amount + Interest/ tenure

=200000+10445/24

EMI=Rs 8769/-

Method 2

                                                   P XI(1+r)^n                                                                                  [P=Principle

                   Formula for EMI = —————–   —                                                                     [r= Rate of interest

                                                  (1+r)^n -1                                                 L.Manik Reddy

M.D

Dathrri services

EMI Calucation

EMI interlinkNew Microsoft Office Word Document

Leave a Reply

Your email address will not be published. Required fields are marked *