How to calculate the EMI Component in case of Floating Interest Rate Appplied by Bank? Will the principal and Interest component change? How principal amount is considered? Eg.Loan Amount of Rs. 80,00,000
Interest Rate 11% for the period of 6 years
Gayatri N (student) (138 Points)
19 August 2014How to calculate the EMI Component in case of Floating Interest Rate Appplied by Bank? Will the principal and Interest component change? How principal amount is considered? Eg.Loan Amount of Rs. 80,00,000
Interest Rate 11% for the period of 6 years
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 19 August 2014
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