EMI Calculator is used to calculate Equated Monthly Installment(EMI) for Home Loans/Housing Loans,Car Loans & Personal Advantages: What all this EMI Calculator does?

. 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

How to calculate the EMI?

The well known formula for calculating EMI is:

Formula for EMI calculation

[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

output:

https://emilgeorgejames.wordpress.com/2015/07/29/python-emi-equated-monthly-installment-calculator/

for more python recepies visit :https://emilgeorgejames.wordpress.com/

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#!/usr/bin/python
#@author :Script written by emilgeorgejames
#@contact :emilgeorgejames[@]gmail.com
# :emilgeorgejames[@]wordpress.com
#@license :MIT License(Free Open Source license)
#@Description: EMI Calculator is used to calculate Equated Monthly Installment(EMI) for Home Loans/Housing Loans,Car Loans & Personal
# Loan in India.#
class EMI_CALCULATOR(object):
# Data attributes
# Helps to calculate EMI
Loan_amount = None # assigning none values
Month_Payment = None # assigning none values
Interest_rate = None #assigning none values
Payment_period = None #assigning none values
def get_loan_amount(self):
#get the value of loan amount
self.Loan_amount = input("Enter The Loan amount(in rupees) :")
pass
def get_interest_rate(self):
# get the value of interest rate
self.Interest_rate = input("Enter The Interest rate(in percentage(%)) : ")
pass
def get_payment_period(self):
# get the payment period"
self.Payment_period = input("Enter The Payment period (in month): ")
pass
def calc_interest_rate(self):
# To calculate the interest rate"
self.get_interest_rate()
if self.Interest_rate > 1:
self.Interest_rate = (self.Interest_rate /100.0)
else:
print "You have not entered The interest rate correctly ,please try again "
pass
def calc_emi(self):
# To calculate the EMI"
try:
self.get_loan_amount() #input loan amount
self.get_payment_period() #input payment period
self.calc_interest_rate() #input interest rate and calculate the interest rate
except NameError:
print "You have not entered Loan amount (OR) payment period (OR) interest rate correctly,Please enter and try again. "
try:
self.Month_Payment = (self.Loan_amount*pow((self.Interest_rate/12)+1,
(self.Payment_period))*self.Interest_rate/12)/(pow(self.Interest_rate/12+1,
(self.Payment_period)) - 1)
except ZeroDivisionError:
print "ERROR!! ZERO DIVISION ERROR , Please enter The Interest rate correctly and Try again."
else:
print "Monthly Payment is : %r"%self.Month_Payment
pass
if __name__ == '__main__':# main method
Init = EMI_CALCULATOR() # creating instances
Init.calc_emi() #to calculate EMI
``` |

for more information , please visit the site https://emilgeorgejames.wordpress.com/2015/07/29/python-emi-equated-monthly-installment-calculator/

for output:https://emilgeorgejames.wordpress.com/2015/07/29/python-emi-equated-monthly-installment-calculator/

Snippet looks great, but what is the necessity of using pass, when function or class has statements.

Suppose you are designing a new class with some methods that you don't want to implement, yet.

If you would leave out the pass, the code wouldn't run. You would then get an: IndentationError: expected an indented block

To summarize, the pass statement does nothing particular but can act as a placeholder, as shown before.