If Tim buys a car for 37.90 lakhs through emi option for 1 year then how much rupees he have to pay per month?
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Answer:
EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1] , where P, R, and N are the variables. ... N is the number of years given for the repayment of the loan
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you can calculate it now
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