Calculating interest rate on a loan formula in india
Interest Rate Calculator – Bank Loan Interest Rate Calculator India. An interest rate calculator is a very essential financial tool required for everyday calculations. 8 Aug 2014 In case of floating rate loans, the interest rates vary based on market rates. The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n - 1) Coronavirus Updates Live News: All international flights to India