how to calculate % say if 630000/- per month and i buy that place for 100000000/- howmuch percent will be my ROI?
Answers
How to calculate EMI?
EMI can be calculated on the basis of 3 terms, which are as –
Loan Amount
Interest Rate
Loan Period
The formula for calculating EMI is given below.
home loan EMI formula
Where,
L = Loan amount
i = Interest Rate (rate per annum divided by 12)
^ = to the power of
N = loan period in months
A lot of people do not know that increasing the tenure only leads to increase in Interest amount payable and nothing else . The decrease in EMI is not proportional to the increase in Loan tenure.
In Housing Finance, Equated Monthly Installments (EMI) refers to the monthly payment towards interest and principal made by a borrower to a lender. Have a look at the example given below to get a clear idea about it.
Example
Assuming a loan of Rs 1 Lakh at 11 percent per annum , repayable in 15 years, the EMI calculation using the formula will be :
EMI = (100000 x .00916) x ((1+.00916)^180 ) / ([(1+.00916)^180] – 1)
EMI = 916 X (5.161846 / 4.161846)
EMI = Rs 1,136
Note at i = 11 percent / 12 = .11/12 = .00916
You must have got an idea about calculating EMI. Some people think that increasing the tenure of EMI is a good option because it will help to reduce the EMI.
Answer:
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Step-by-step explanation: