Now you can calculate the EMI amount online. EMI P x R x 1RN 1RN-1 Here P is the Principal Loan Amount R is the Rate of Interest on a monthly basis and N is the Tenure or the loan duration in months. EMI P x R x 1RN 1RN-1 In the above formula.
The mathematical formula to calculate EMI is.
The formula for calculating EMI is the following. The loan amount the loan tenure and the interest rate. EMI P r 1 rn1 rn - 1 where P Loan amount r interest rate ntenure in number of months. R Interest rate per month.