How To Calculate The Interest Rate R If I Know The Emi

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Posted on October 18, 2018 at 10:54 AM

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How to calculate tenure (N) from EMI formula if I know EMI ...
• Interest Rate • Tenure. Once you are done with filling all the details, press on calculate and you will get to know your Home Loan EMI amount with interest payable per month and its sum. You can choose the tenure accordingly.
In EMI calculations, how to calculate "Rate" if EMI ...
where r = interest rate in month (annual rate/12), n = time in months, P = principal amount Can someone please tell how to derive the formula for calculating r , given other 3 parameters? I feel it requires Newton Raphson's method.
How to calculate the EMI on your loan - Business Today
EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11 ...

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