EMI Calculator (C program to calculate EMI)
EMI Calculator: This program will read total loan amount (principal), rate and time in years and prints the per month EMI of that loan amount.
The formula used in this program is:
(P*R*(1+R)T)/(((1+R)T)-1)
Here,
- P is loan amount.
- R is interest rate per month - we will read in yearly and convert in monthly in program.
- T is loan time period in year - we will read in yearly and convert in monthly in program.
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EMI Calculator program in C
Output: