Download Our Official App Ishan Guru & Read Latest Articles in Hindi: Official Website: Email: firstname.lastname@example.org Follow @Twitter: Follow @Instagram: Join Our Telegram Channel: My Mic: My Camera: My CPU: My Monitor: Website: What is EMI and how is it calculated? | By Ishan [Hindi]
An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, The loan is paid off in full. How EMI is calculated ?: The mathematical formula for calculating EMIs is: EMI = [P x R x (1+R)^N]/ /[(1+R)^N-1]where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)]Keep Supporting Us:-Email: cial Facebook Page: Twitter: Tags: What is EMI and how is it calculated, What is EMI in hindi, equalated monthly installment, emi kya hoti hai, emi kaise pay ki jati hai, emi ki calculation kaise karte hai, emi kaise calculate kare, emi hindi me, emi ka matlab kya hota hai, emi ki jankari, tech news, technology news, financial news, banking news, loan news, laon ki emi kaise jode, loan ki calcualtion kaise kare, emi kaise bharte hai, emi ka bhugtan kaise kare, emi kitni tarah ki hoti hai, ishan llb, ishanllb.