Practicing Success
Practicing Success
CUET Preparation Today
The EMI on a loan of amount Rs. P at a rate of i% per period for n periods is computed by: |
$\frac{P}{1-(1+i)^{-n}}$ $\frac{P . i}{1-(1+i)^{-n}}$ $\frac{P}{1-(1+i)^{n}}$ $\frac{P . i}{1-(1+i)^{n}}$ |
$\frac{P . i}{1-(1+i)^{-n}}$ |
The correct answer is Option (2) → $\frac{P . i}{1-(1+i)^{-n}}$ |
