0% found this document useful (0 votes)
115 views

EMI Calculation Assignment

The document contains details of two bank loans. Bank A provided a loan of Rs. 4,000,000 at 9% interest for 5 years. Bank B provided a loan of Rs. 3,336,679.91 at 8% interest for 4 years. Both loans are to be repaid in EMIs over the term, with each payment consisting of principal and interest components.

Uploaded by

Harish Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
115 views

EMI Calculation Assignment

The document contains details of two bank loans. Bank A provided a loan of Rs. 4,000,000 at 9% interest for 5 years. Bank B provided a loan of Rs. 3,336,679.91 at 8% interest for 4 years. Both loans are to be repaid in EMIs over the term, with each payment consisting of principal and interest components.

Uploaded by

Harish Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 4

BANK A

Loan amount ₹ 4,000,000.00


Interest rate 9%
Time period 5
EMI/month ₹ 83,033.42

Months Loan Interest Interest Component


1 ₹ 4,000,000.00 ₹ 360,000.00 ₹ 30,000.00
2 ₹ 3,946,966.58 ₹ 355,226.99 ₹ 29,602.25
3 ₹ 3,893,535.41 ₹ 350,418.19 ₹ 29,201.52
4 ₹ 3,839,703.50 ₹ 345,573.32 ₹ 28,797.78
5 ₹ 3,785,467.86 ₹ 340,692.11 ₹ 28,391.01
6 ₹ 3,730,825.45 ₹ 335,774.29 ₹ 27,981.19
7 ₹ 3,675,773.22 ₹ 330,819.59 ₹ 27,568.30
8 ₹ 3,620,308.09 ₹ 325,827.73 ₹ 27,152.31
9 ₹ 3,564,426.98 ₹ 320,798.43 ₹ 26,733.20
10 ₹ 3,508,126.76 ₹ 315,731.41 ₹ 26,310.95
11 ₹ 3,451,404.29 ₹ 310,626.39 ₹ 25,885.53
12 ₹ 3,394,256.41 ₹ 305,483.08 ₹ 25,456.92

BANK B
Loan Amount ₹ 3,336,679.91
Interest rate 8%
Time period 4
EMI/month ₹ 81,458.11

Months Loan Interest Interest Component


1 ₹ 3,336,679.91 ₹ 266,934.39 ₹ 22,244.53
2 ₹ 3,277,466.33 ₹ 262,197.31 ₹ 21,849.78
3 ₹ 3,217,858.00 ₹ 257,428.64 ₹ 21,452.39
4 ₹ 3,157,852.28 ₹ 252,628.18 ₹ 21,052.35
5 ₹ 3,097,446.52 ₹ 247,795.72 ₹ 20,649.64
6 ₹ 3,036,638.06 ₹ 242,931.04 ₹ 20,244.25
7 ₹ 2,975,424.20 ₹ 238,033.94 ₹ 19,836.16
8 ₹ 2,913,802.26 ₹ 233,104.18 ₹ 19,425.35
9 ₹ 2,851,769.50 ₹ 228,141.56 ₹ 19,011.80
10 ₹ 2,789,323.19 ₹ 223,145.86 ₹ 18,595.49
11 ₹ 2,726,460.57 ₹ 218,116.85 ₹ 18,176.40
12 ₹ 2,663,178.86 ₹ 213,054.31 ₹ 17,754.53
13 ₹ 2,599,475.28 ₹ 207,958.02 ₹ 17,329.84
14 ₹ 2,535,347.01 ₹ 202,827.76 ₹ 16,902.31
15 ₹ 2,470,791.22 ₹ 197,663.30 ₹ 16,471.94
16 ₹ 2,405,805.05 ₹ 192,464.40 ₹ 16,038.70
17 ₹ 2,340,385.64 ₹ 187,230.85 ₹ 15,602.57
18 ₹ 2,274,530.11 ₹ 181,962.41 ₹ 15,163.53
19 ₹ 2,208,235.53 ₹ 176,658.84 ₹ 14,721.57
20 ₹ 2,141,499.00 ₹ 171,319.92 ₹ 14,276.66
21 ₹ 2,074,317.55 ₹ 165,945.40 ₹ 13,828.78
22 ₹ 2,006,688.23 ₹ 160,535.06 ₹ 13,377.92
23 ₹ 1,938,608.04 ₹ 155,088.64 ₹ 12,924.05
24 ₹ 1,870,073.99 ₹ 149,605.92 ₹ 12,467.16
25 ₹ 1,801,083.04 ₹ 144,086.64 ₹ 12,007.22
26 ₹ 1,731,632.15 ₹ 138,530.57 ₹ 11,544.21
27 ₹ 1,661,718.26 ₹ 132,937.46 ₹ 11,078.12
28 ₹ 1,591,338.27 ₹ 127,307.06 ₹ 10,608.92
29 ₹ 1,520,489.09 ₹ 121,639.13 ₹ 10,136.59
30 ₹ 1,449,167.57 ₹ 115,933.41 ₹ 9,661.12
31 ₹ 1,377,370.58 ₹ 110,189.65 ₹ 9,182.47
32 ₹ 1,305,094.94 ₹ 104,407.60 ₹ 8,700.63
33 ₹ 1,232,337.47 ₹ 98,587.00 ₹ 8,215.58
34 ₹ 1,159,094.95 ₹ 92,727.60 ₹ 7,727.30
35 ₹ 1,085,364.14 ₹ 86,829.13 ₹ 7,235.76
36 ₹ 1,011,141.79 ₹ 80,891.34 ₹ 6,740.95
37 ₹ 936,424.63 ₹ 74,913.97 ₹ 6,242.83
38 ₹ 861,209.35 ₹ 68,896.75 ₹ 5,741.40
39 ₹ 785,492.64 ₹ 62,839.41 ₹ 5,236.62
40 ₹ 709,271.15 ₹ 56,741.69 ₹ 4,728.47
41 ₹ 632,541.52 ₹ 50,603.32 ₹ 4,216.94
42 ₹ 555,300.35 ₹ 44,424.03 ₹ 3,702.00
43 ₹ 477,544.25 ₹ 38,203.54 ₹ 3,183.63
44 ₹ 399,269.77 ₹ 31,941.58 ₹ 2,661.80
45 ₹ 320,473.46 ₹ 25,637.88 ₹ 2,136.49
46 ₹ 241,151.84 ₹ 19,292.15 ₹ 1,607.68
47 ₹ 161,301.41 ₹ 12,904.11 ₹ 1,075.34
48 ₹ 80,918.65 ₹ 6,473.49 ₹ 539.46
Principle Component Remaining Amount
₹ 53,033.42 ₹ 3,946,966.58
₹ 53,431.17 ₹ 3,893,535.41
₹ 53,831.91 ₹ 3,839,703.50
₹ 54,235.64 ₹ 3,785,467.86
₹ 54,642.41 ₹ 3,730,825.45
₹ 55,052.23 ₹ 3,675,773.22
₹ 55,465.12 ₹ 3,620,308.09
₹ 55,881.11 ₹ 3,564,426.98
₹ 56,300.22 ₹ 3,508,126.76
₹ 56,722.47 ₹ 3,451,404.29
₹ 57,147.89 ₹ 3,394,256.41
₹ 57,576.50 ₹ 3,336,679.91

Principle Component Remaining Amount


₹ 59,213.57 ₹ 3,277,466.33
₹ 59,608.33 ₹ 3,217,858.00
₹ 60,005.72 ₹ 3,157,852.28
₹ 60,405.76 ₹ 3,097,446.52
₹ 60,808.46 ₹ 3,036,638.06
₹ 61,213.85 ₹ 2,975,424.20
₹ 61,621.95 ₹ 2,913,802.26
₹ 62,032.76 ₹ 2,851,769.50
₹ 62,446.31 ₹ 2,789,323.19
₹ 62,862.62 ₹ 2,726,460.57
₹ 63,281.70 ₹ 2,663,178.86
₹ 63,703.58 ₹ 2,599,475.28
₹ 64,128.27 ₹ 2,535,347.01
₹ 64,555.79 ₹ 2,470,791.22
₹ 64,986.17 ₹ 2,405,805.05
₹ 65,419.41 ₹ 2,340,385.64
₹ 65,855.54 ₹ 2,274,530.11
₹ 66,294.57 ₹ 2,208,235.53
₹ 66,736.54 ₹ 2,141,499.00
₹ 67,181.45 ₹ 2,074,317.55
₹ 67,629.32 ₹ 2,006,688.23
₹ 68,080.19 ₹ 1,938,608.04
₹ 68,534.05 ₹ 1,870,073.99
₹ 68,990.95 ₹ 1,801,083.04
₹ 69,450.89 ₹ 1,731,632.15
₹ 69,913.89 ₹ 1,661,718.26
₹ 70,379.99 ₹ 1,591,338.27
₹ 70,849.19 ₹ 1,520,489.09
₹ 71,321.51 ₹ 1,449,167.57
₹ 71,796.99 ₹ 1,377,370.58
₹ 72,275.64 ₹ 1,305,094.94
₹ 72,757.47 ₹ 1,232,337.47
₹ 73,242.52 ₹ 1,159,094.95
₹ 73,730.81 ₹ 1,085,364.14
₹ 74,222.35 ₹ 1,011,141.79
₹ 74,717.16 ₹ 936,424.63
₹ 75,215.28 ₹ 861,209.35
₹ 75,716.71 ₹ 785,492.64
₹ 76,221.49 ₹ 709,271.15
₹ 76,729.63 ₹ 632,541.52
₹ 77,241.16 ₹ 555,300.35
₹ 77,756.11 ₹ 477,544.25
₹ 78,274.48 ₹ 399,269.77
₹ 78,796.31 ₹ 320,473.46
₹ 79,321.62 ₹ 241,151.84
₹ 79,850.43 ₹ 161,301.41
₹ 80,382.76 ₹ 80,918.65
₹ 80,918.65 ₹ 0.00

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy