Question

what is emi ? explain

Answer 1

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

Answer 2

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 :)