EMI Calculator
How EMI is Calculated?
EMI = [P × R × (1+R)N] / [(1+R)N – 1]
Where:
P = Principal Amount
R = Monthly Interest Rate
N = Number of Months
EMI = [P × R × (1+R)N] / [(1+R)N – 1]
Where:
P = Principal Amount
R = Monthly Interest Rate
N = Number of Months