Math, asked by dhruvashete, 4 months ago

when the emi are calculated using

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Answered by taxef2002

0

Answer:

Tenure of loan – This stands for the agreed loan repayment time-frame between the borrower and the lender. How is EMI calculated? 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 sam104641

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