Math, asked by padmashreehalaharvi0, 5 months ago

what is the formula for EMI

Answers

Answered by Aʙʜɪɪ69

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.

Answered by sadhnamishrasm0106

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:

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