### Description

**EMI** or equated monthly installment, as the name suggests, is one part of the equally divided monthly outgoes to clear off an outstanding loan within a stipulated time frame.

The mathematical formula to **calculate EMI** is: **EMI** = P × r × (1 + r)n/((1 + r)n - 1) where P= Loan amount, r= interest rate, n=tenure in number of months. ... The higher the loan amount or interest rate, the higher is the **EMI** payments and vice versa.

### Picture of all the blocks

### Download link

com.AK_Tech.EMICalculator.aix (6.0 KB)