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The loan calculator one
Can anyone please help me with the loan calculator one? Please explain the code used in detail. Thank you.
1 Answer
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Use conditional statements and switch, break and apply the loan calculating formula
EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for theĀ loan amountĀ or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.
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