http://code.activestate.com/recipes/tags/emi/popular/2015-07-29T18:20:36-07:00ActiveState Code Recipes2015-07-29T18:20:36-07:00Emil george jameshttp://code.activestate.com/recipes/users/4191910/http://code.activestate.com/recipes/579086-python-emi-calculator/

<p style="color: grey"> Python recipe 579086 by <a href="/recipes/users/4191910/">Emil george james</a> (<a href="/recipes/tags/calculator/">calculator</a>, <a href="/recipes/tags/emi/">emi</a>, <a href="/recipes/tags/python/">python</a>). </p> <p>EMI Calculator is used to calculate Equated Monthly Installment(EMI) for Home Loans/Housing Loans,Car Loans &amp; Personal Advantages: What all this EMI Calculator does?</p> <p>. The Instant calculation of Loan EMI , Total Interest Payable and Total Payments to be done. . This can be used as EMI Calculator for Banks like HDFC, ICICI, SBI, AXIS etc. . This can be also used for calculating Home loans, Personal Loan, car loans , credit card, LIC loan</p> <p>How to calculate the EMI?</p> <p>The well known formula for calculating EMI is:</p> <p>Formula for EMI calculation</p> <p>[Formula] EMI = [(p*r/12) (1+r/12)^n]/[(1+r/12)^n – 1 ] where p = principal amount(primary loan amount) r = rate of interest per year n = Total number of Years</p> <p>output:</p> <p><a href="https://emilgeorgejames.wordpress.com/2015/07/29/python-emi-equated-monthly-installment-calculator/" rel="nofollow">https://emilgeorgejames.wordpress.com/2015/07/29/python-emi-equated-monthly-installment-calculator/</a></p> <p>for more python recepies visit :https://emilgeorgejames.wordpress.com/</p>