Question

what is the formula for EMI​

Answer 1

Step-by-step explanation:

• The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n - 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

Answer 2

Answer:

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n - 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

Step-by-step explanation:

good night sweet dreams take care

hope this helps u