Question

In the formula for EMI, can you please solve for R? ​

Answer 1

Answer:

USING MATHEM ATICAL FORM ULA

EM I = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loa n amo unt or princ ipal, R is the inter est rate per mo nth [if the intere st rate per an num is 11%, then the rate of inte rest will be 11/(12 x 100)], and N is the nu mber of mon thly inst al me hin ts.