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Q.

What is the expansion of EMI? How to calculate the EMI?

Tags: emi, expansion of emi
Asked by naya, 25 May '07 10:10 am
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Answers (3)

1.

Equal Monthly Installments
Answered by eyeris, 25 May '07 10:11 am

 
  
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2.

It is Estimated Monthly Installment Or You Can say Equated Monthly Installment
Answered by montu vaidya, 25 May '07 10:15 am

 
  
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3.

EMI Formula: l x r [(1+r)n /(1+r)n-1 ] x 1/12
l = loan amount
r = rate of interest
n = term of the loan
Answered by Rucha Kulkarni, 23 Apr '08 09:05 pm

 
  
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