Interest Rate Calculation

Question

Hi I need calculation formula for interest rate of loan. I know the Installment Amount Loan amount and period of loan. So how could i calculate Interest Rate for Quartelly frequency of Payment.

prasad jangam · Answer

Thank you for your help. i want to calculate Interest Rate on Loan where installment is Paid after every 3 Months with monthly compounding. I know loan amount Loan Period in months and installment amount. for ex: Loan Amount : 100000 Period :36 months; Quarterly Installment : 10500(in advance) with help of above values i have to find Interest rate? ans should be :17.7802

Jignesh Trivedi · Answer

Hi Please refer https://www.mathsisfun.com/money/compound-interest.html http://mathforum.org/dr.math/faq/faq.interest.html Loan interest formula can vary from bank to bank and finance company to company. hope this will help you.

Upendra Pratap Shahi · Answer

Hello Go through below link- http://www.c-sharpcorner.com/UploadFile/shashimenon/FinancialCalculatorSM00112052005012521AM/FinancialCalculatorSM001.aspx http://www.authorcode.com/how-to-make-emi-calculator-using-c/ http://www.sanfoundry.com/csharp-program-simple-interest/ Kindly mark the answer as accepted answer .