Question

Write a program to get input from user and calculate EMI as per formula:

E=PR(1+R)n / ((1+R)n -1)

Where,

E=EMI, P=Principal amount, R=Rate of interest, n=tenure of loan in months. (pls ans as soon as possible)

Answer 1

Explanation:

EMI Calculator program in C

#include <math.h>

#include <stdio.h>

// Function to calculate EMI

float emi_calculator(float p, float r, float t)

{

float emi;

r = r / (12 * 100); // one month interest

t = t * 12; // one month period

emi = (p * r * pow(1 + r, t)) / (pow(1 + r, t) - 1);

return (emi);

}

// Driver Program

int main()

{

float principal, rate, time, emi;

principal = 10000;

rate = 10;

time = 2;

emi = emi_calculator(principal, rate, time);

printf("\nMonthly EMI is= %f\n", emi);

return 0;

}Output:

Monthly EMI is= 461.449677