how to calculate your Loan EMI and Total Interest Due in a snap

how to calculate your Loan EMI and Total Interest Due in a snap

 

What is the formula for calculating EMI period and interest?
The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

 

 

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