Science, asked by sourab52, 1 year ago

what is meaning in emi and full form​


pranjalkbr: An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

Answers

Answered by Anonymous
2

heya mate.. ☺☺☺

here is ur answer..

Equated monthly installments

emi means... An EMI is the amount of money that you need to pay to the lender every month to repay your loan

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i hope its help u ☺☺✔️✔️♥️


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Answered by anju7699
0

equated monthly installment is it's full form.


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