Question

I borrowed 400000rs as a loan how much Rs have to pay montly EMI​

Answer 1

Answer:

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)], and N is the number of monthly instalments.

Step-by-step explanation:

Answer 2

Answer:

  ₹36,103

Step-by-step explanation:

EMI = [P x R x (1+R) ^n] / [(1+R)^ n-1]

Here, P= Principal loan amount, R= Rate of interest, n= Number of monthly installments.

An example:

Assuming, P= ₹ 4 lakh, R= 15 percent per annum= 15/12= 1.250 per month, N= 12 months

EMI = =((400000*1.250/100*(1+1.250/100)^12/((1+1.250/100)^12-1))) = ₹36,103

Hope It Will Help You ...................

Plz Mark Me As Brainliest If you like it.................