开发者 |
keerthanariosis
rioemicalculator |
---|---|
更新时间 | 2024年7月7日 02:19 |
PHP版本: | 4.0 及以上 |
WordPress版本: | 6.5.5 |
1.Activate Rio EMI Calculator from Plugins Menu. 2.Check Enable the Plugin from options page. 3.Use shortcode [rio-emi-calculator] in page/post to display the widget.
An Equated Monthly Instalment (EMI) is usually a fixed amount of money that you need to pay your bank or lender every month as repayment of a loan taken, until your loan is totally repaid. The formula to calculate an EMI: EMI = [P x R x (1+R)^N]/[(1+R)^N-1] P =loan amount or Principal R = Interest rate per month [To calculate rate per month: if the interest rate per annum is 14%, the per month rate would be 14/(12 x 100)] N = the number of installments