Economy, asked by shivanishivu8732, 11 months ago

How to calculate the breakup of principal and interest in an emi

Answers

Answered by Anonymous

0

Answer:

Explanation:

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 per month will be 11% divided by 12 = (11/100)/12.

N is the number of monthly installments.

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