what is emi ? explain
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Answered by
2
EMI or equated monthly installment, as the name suggests, is one part of the equally divided monthly outgoes to clear off an outstanding loan within a stipulated time frame.
The EMI is dependent on multiple factors, such as:
1) Principal borrowed
2) Rate of interest
3) Tenure of the loan
4) Monthly/annual resting period
The EMI is dependent on multiple factors, such as:
1) Principal borrowed
2) Rate of interest
3) Tenure of the loan
4) Monthly/annual resting period
SharifBanda:
wrong answer
emi means electro magnetic indication
The abrevation for equated monthly installment is emi and so you know electro magnetic indication has no abrevation as such.
What he meant is electro magnetic induction
Answered by
3
EMI is the abbreviation for electro magnetic induction. It is the term used for current induced in a field due to change of magnetic flux in the field.
Hope it helps :)
Hope it helps :)
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