Rishaba das (none) 24 June 2014
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 25 June 2014
Formula: EMI = ( P × r × (1+r)n ) / ((1+r)n − 1) Total loan repayment = EMI × n Where, EMI = Equated Monthly Installment P = Loan Amount r = Interest rate / 1200 n = Period
Student education loan repayment calculation is made easier with this
T. Kalaiselvan, Advocate (Advocate) 26 June 2014
Properly addressed by learned advocate Mr. Ramachary, you may better calculate as per the sample given by him.