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How to calculate EMI amount for Loan

Calculating EMIs:

P = Loan Amount

n = Tenure (in months)

i = Rate of interest/month

if interest is 24% p.a, then i = .24/12 = 0.02

E = EMI to be paid per month

Suppose first month, you are paying E,

then P1 is the balance amount to be paid after first month.

P₁ = P + P.i – E

      = P(1+i) – E

P₂ = P₁(1+i) – E

     = [P(1+i) – E](1+i) – E

     = P(1+i)² – E(1+i) –E

     = P(1+i)² – E[(1+i)+1]

Substitute r = (1+i) for easy calculation,

P₂ = P.r² – E(1+r)

P₃ = P.r³ – E(1+r+r²)

Atlast, after n months, the Principal to be paid will be zero.

P_n = P.rⁿ – E[1+r+r²..r^(n-1)] = 0

So, P.rⁿ = E[1+r+r²..r^(n-1)]

As per Geometric series, [1+r+r²..r^(n-1)] = (rⁿ-1)/(r-1)

So P.rⁿ = E. (rⁿ-1)/(r-1)

E = P.rⁿ.(r-1)/(rⁿ-1)

Since r = (1+i),

E = P . i . (1+i)ⁿ / [(1+i)ⁿ – 1]

where,

P = Loan Amount

n = Tenure (in months)

i = Rate of interest/month

if interest is 24% p.a, then i = .24/12 = 0.02

E = EMI to be paid per month

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Japanese IQ Test
Rules:

• The boat can takes 2 person max
• Daddy shouldn't be alone with daughter when Mom is not there.
• Mom shouldn't be alone with son when Dad is not there.
• Prisoner shouldn't be with any of family member when police is not there.
• Police, Daddy or Mom only can ride the boat.
• To ride the boat, click on red lever.
• To load/unload the member in boat, click on them.

World Cup Cricket 2011 Schedule

Cricket World Cup 2011  Fixtures & Schedule

 

Date	Team	City
19 Feb	India vs Bangladesh	Dhaka
20 Feb	New Zealand vs Kenya	Chennai
20 Feb	Sri Lanka vs Canada	Hambantota
21 Feb	Australia vs Zimbabwe	Ahmedabad
22 Feb	England vs Netherlands	Nagpur
23 Feb	Pakistan vs Kenya	Hambantota
24 Feb	South Africa vs West Indies	New Delhi
25 Feb	Australia vs New Zealand	Nagpur
25 Feb	Bangladesh vs Ireland	Dhaka
26 Feb	Sri Lanka vs Pakistan	Colombo
27 Feb	India vs England	Kolkata
28 Feb	West Indies vs Netherlands	New Delhi
28 Feb	Zimbabwe vs Canada	Nagpur
1 Mar	Sri Lanka vs Kenya	Colombo
2 Mar	England vs Ireland	Bangalore
3 Mar	South Africa vs Netherlands	Mohali
3 Mar	Pakistan vs Canada	Colombo
4 Mar	New Zealand vs Zimbabwe	Ahmedabad
4 Mar	Bangladesh vs West Indies	Dhaka
5 Mar	Sri Lanka vs Australia	Colombo
6 Mar	India vs Ireland	Bangalore
6 Mar	England vs South Africa	Chennai
7 Mar	Kenya vs Canada	New Delhi
8 Mar	Pakistan vs New Zealand	Pallekelle
9 Mar	India vs Netherlands	New Delhi
10 Mar	Sri Lanka vs Zimbabwe	Pallekelle
11 Mar	West Indies vs Ireland	Mohali
11 Mar	Bangladesh vs England	Chittagong
12 Mar	India vs South Africa	Nagpur
13 Mar	New Zealand vs Canada	Mumbai
13 Mar	Australia vs Kenya	Bangalore
14 Mar	Pakistan vs Zimbabwe	Pallekelle
14 Mar	Bangladesh vs Netherlands	Chittagong
15 Mar	South Africa vs Ireland	Kolkata
16 Mar	Australia vs Canada	Bangalore
17 Mar	England vs West Indies	Chennai
18 Mar	Sri Lanka vs New Zealand	Mumbai
18 Mar	Ireland vs Netherlands	Kolkata
19 Mar	Australia vs Pakistan	Colombo
19 Mar	Bangladesh vs South Africa	Dhaka
20 Mar	Zimbabwe vs Kenya	Kolkata
20 Mar	India vs West Indies	Chennai
23 Mar	First Quarterfinal	Dhaka
24 Mar	Second Quarterfinal	Colombo
25 Mar	Third Quarterfinal	Dhaka
26 Mar	Fourth Quarterfinal	Ahmedabad
29 Mar	First Semifinal	Colombo
30 Mar	Second Semifinal	Mohali
02 Apr	FINAL	Mumbai