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Iii 0 interest scheme - PowerPoint PPT Presentation

Finding EMI

Finding EMI. Recap. To find simple interest we use the following formula:. I =. Number of years. Interest. Principal. Rate of interest. Amount = Principal + Interest. Hire Purchase and Installment Banks and financial institutions have introduced a scheme called hire purchase

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Iii 0 interest scheme - PowerPoint PPT Presentation

Finding EMI