This formula is: EMI = [P*r*(1+r)^n]/[(1+r)^n 1]. Here, P is the principal, r is the monthly interest rate, and n is the number of instalments. It lets you

EMI is calculated using the following formula: EMI = P r (1 + r)n/((1 + r)n 1), where P is the loan amount, R is the interest rate, and N is the tenure in

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