Question 1

How is EMI calculated?

Accepted Answer

EMI (Equated Monthly Installment) is calculated using the formula: EMI = P x R x (1+R)^N / ((1+R)^N - 1), where P is principal amount, R is monthly interest rate, and N is number of months. Our calculator handles this automatically.

Question 2

What is ROI and how do I calculate it?

Accepted Answer

ROI (Return on Investment) measures the profit or loss on an investment relative to the amount invested. It is calculated as: ROI = ((Final Value - Initial Investment) / Initial Investment) x 100%.

Question 3

Can I calculate home loan or car loan EMI?

Accepted Answer

Yes! Enter your loan amount, annual interest rate, and loan tenure in months. The calculator will show your monthly EMI, total interest payable, and total amount payable.

Question 4

How do I calculate percentage discount?

Accepted Answer

Use the Percentage tab - enter the original amount and the percentage to calculate the discount amount, final price after discount, or percentage increase/decrease.

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