Code for EMI Calculation?

Question

calculation of EMI. what is the code of EMI ?

Vulpes · Answer

I'm having trouble downloading the code (conversion problem with VC# 2010 Express) but here's a quick console application (no error checking!) which shows how to use the formula: using System; class EMI { static void Main() { double P r E; int n; while(true) { Console.Write(Enter Principal or 0 to quit : ); P = double.Parse(Console.ReadLine()); if (P == 0) return; Console.Write(Enter Interest Rate per annum : ); r = double.Parse(Console.ReadLine())/ 1200; Console.Write(Enter Number of Months : ); n = int.Parse(Console.ReadLine()); E = P * r * Math.Pow(1 + r n) / ( Math.Pow(1 + r n) - 1); Console.WriteLine(EMI is {0:F2}
 E); } } } There's some independent test data here http://answers.yahoo.com/question/index?qid=20090722142554AAyTI4F

Vulpes · Answer

In C# Dorababu's formula would be: double E = P * r * Math.Pow(1 + r n) / ( Math.Pow(1 + r n) - 1);

Hirendra Sisodiya · Answer

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 = number of periods in Year Code : read this you can find full source code for calculating EMI How to make EMI calculator in C# (http://www.authorcode.com/how-to-make-emi-calculator-using-c/) thanks

jaheena jamal · Answer

sir i 've got javascript code for EMI calculation. Thank you so much for your support. thanks regards jahi

Vilas Gite · Answer

HI VULPES SIR I HAD EXECUTE CODE REALLY NICE... IT IS ON REDUCING BALANCE EMI..

Vilas Gite · Answer

hi you can just enter data for loan amount loan period(select in year) and int rate(PA%) and click on button.. ------------------------------------------- If this reply hepls your post…then  MARK AS ANSWER !

Vilas Gite · Answer

hi jaheena please find here code... vulpes sir how to use this in my code? double E = P * r * Math.Pow(1 + r n) / ( Math.Pow(1 + r n) - 1);

Vilas Gite · Answer

hi jaheena here is nice blog by naveen please refer it really nice logic implemented and helpful for your post. http://www.naveen.info/2009/06/21/how-to-calculate-emi-download-excel-emi-calculator/#comment-5511 --------------------------------------------------------------------------- If this reply hepls your post…then  MARK AS ANSWER !

Dorababu Meka · Answer

EMI formula: E= P x r x (1 + r)n / ((1+r)n -1) Here p=principal amount r = interesr rate per month(ex: if interest rate per annum is 10% then 10/(12*100)) n= tenure in months