EMI Calculator – PHP Program

Let us see how to write a simple PHP program to calculate EMI. This program can be used to calculate Home Loans, Car Loans & Personal loans, etc.,

Here is the PHP function to calculate EMI:

I have used this Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is the principal amount, R is the monthly interest rate, and N is the number of months.

Let me write a complete example to test this script using PHP and HTML.



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