tag:blogger.com,1999:blog-7343912.post9135061702183057178..comments2024-03-14T16:13:35.131+05:30Comments on Gerald Naveen: EMI Calculation formula -- proofGerald Naveenhttp://www.blogger.com/profile/18255818071617217134noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7343912.post-92095143182632592622022-10-28T15:51:39.905+05:302022-10-28T15:51:39.905+05:30It was great to read your blog.
student loan to st...It was great to read your blog.<br /><a href="https://www.auxilo.com/education-loan/study-in-abroad-loan/study-in-usa/" rel="nofollow">student loan to study in usa</a><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7343912.post-91755713383172193452019-06-24T18:41:53.470+05:302019-06-24T18:41:53.470+05:30Hello Everybody,
My name is Mrs Sharon Sim. I live...Hello Everybody,<br />My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius, call/whats-App Contact Number +918929509036 via email:(urgentloan22@gmail.com) Thank you.Dr Purva Piushttps://www.blogger.com/profile/05883980841903455890noreply@blogger.comtag:blogger.com,1999:blog-7343912.post-18347796628214914112014-01-24T20:22:36.896+05:302014-01-24T20:22:36.896+05:30This is wrong wayThis is wrong wayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7343912.post-16400323152452301262012-12-07T14:26:06.094+05:302012-12-07T14:26:06.094+05:30Good try. I think you have over-simplified few thi...Good try. I think you have over-simplified few things. Your assumption of '10K' principal repayment per month is incorrect -- realistically, interest/principal repayment is not uniform. For 1.2L, at 12% pa, for 1 year, the EMI should be Rs. 10662. Interest to-be-paid is: Rs. 7942 (against your Rs.7800). For bigger loans and tenure, your EMI value will be further away.Gerald Naveenhttps://www.blogger.com/profile/18255818071617217134noreply@blogger.comtag:blogger.com,1999:blog-7343912.post-78796439507641916082012-12-07T12:19:46.474+05:302012-12-07T12:19:46.474+05:30I can give you another way using simple technique ...I can give you another way using simple technique of addition. The sum of numbers from say 1 to 100 = n(n+1)/2 where n = 100 sum = 100*101/2=101*50=5050.<br />Like this every month principle paid in the EMI component will reduce its interest at the given rate.<br />So if 1 l.20 lakh is the loan and 12 months is the period of repayment then principle paid per month is Rs 10000.<br />Interest at the rate of say 12% is 10000*12/1200 = 100. So every month by paying Rs10000 interest will come down by Rs100. So Total interest will be 100*12*13/2= 7800. Total amount to be paid in 12 instalments = 120000+7800=127800. Permonth to be paid is 127800/12= 10650. So EMI = 10650 per month<br />SundarRamaswami Sundarhttps://www.blogger.com/profile/11869811835520321603noreply@blogger.comtag:blogger.com,1999:blog-7343912.post-33818028451476886942012-07-05T03:04:54.467+05:302012-07-05T03:04:54.467+05:30let s = a^0+a^1+a^2+a^3+..+a^(n-1) ... Eqn(...let s = a^0+a^1+a^2+a^3+..+a^(n-1) ... Eqn(1)<br />then s*a = a^1+a^2+a^3+..+a^(n-1)+a^n ... Eqn(2)<br /><br />Now Equation(2) - Equation(1)<br />s*(a-1) = -a^0 + a^n<br />s*(a-1) = a^n - 1 ..Now the value of a=R+1<br />s*R = (R+1)^n - 1<br />s = ((R+1)^n-1)/RAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7343912.post-66111190851078782552010-11-28T22:31:56.989+05:302010-11-28T22:31:56.989+05:30It is true, If I have EMI how i can i calculate Pr...It is true, If I have EMI how i can i calculate Principal amount. Please tellUnknownhttps://www.blogger.com/profile/12711441194895796990noreply@blogger.comtag:blogger.com,1999:blog-7343912.post-87011048409654368682010-03-10T18:26:35.566+05:302010-03-10T18:26:35.566+05:30Good. Till now I was blindly using that formula wi...Good. Till now I was blindly using that formula without knowing how it came but today I completely agree with ur proof.Aravindnoreply@blogger.com