4. Finding the rate when EMI is given
Read time: 2 mins OR Video time: 1 min. Solve time: 5 mins Lesson Objective Solving questions that require finding the rate of interest being charged #1. A common question asked in exams is finding the rate of interest being charged for a given Principle (or Debt) and EMI details. Finding the rate for the […]
3. Formula for EMI at SI
Read time: 1 min OR Video time: 2 mins. Solving Time: 8 mins Lesson Objective To learn the formula tying P, r%, n and EMI for the case of SI #1. If it is a case of SI, the instalment amount can be found as: $$ \text{EMI} = \frac{ P \times \left( 1 + r […]
2. Formula for EMI at CI
Read time: 2 mins OR Video time: 4 mins. Solving time: 6 mins Lesson Objective To learn the formula tying P, r%, n and EMI for the case of CI #1. If it is a case of CI, the instalment amount can be found as: $$ \text{EMI} = \frac{P \times r\% \times \left( 1 + […]