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write python code for the above question Write a program to create module EMI as per formula: E=PR (1+ R)n/((1+R)n - 1) where E =
write python code for the above question
Write a program to create module EMI as per formula: E=PR (1+ R)n/((1+R)n - 1) where E = EMI ; P = Principal Loan Amount ; R= Rate of interest per month i.e., (Annual rate of interest/100/12); n = tenure of loan repayment in months. Get the input from user (e.g., calculate EMI for loan amount of 2,00,000 at 10% p.a. rate of interest (10/100/12) for a period of 2 years i.e., 24 monthsStep by Step Solution
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