The EMI (Equated Monthly Installment) Calculator helps users compute one missing value among: Principal (P), Rate of Interest (R), Time (Years), or EMI amount.
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]
- P = Principal
- r = monthly interest rate (R / 12 / 100)
- n = total months (T × 12)
This component is highly useful for financial planning and loan comparison.