10/29/2022 0 Comments New car finance calculator![]() ![]() Of this, your interest amount payable is Rs 3,94,568. The sum payable at the end of the tenure is Rs. The various components of the formula are as follows – PĪs an example, if you borrow Rs 10 Lakh from a financial institution (P), with the rate of interest 10% (R), for a total tenure (N) of 7 years (84 months), using the formula, your EMI comes to Rs 16,602.
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