Interest Rate Calculation

Thank you for your help.

i want to calculate Interest Rate on Loan where installment is Paid after every 3 Months with monthly compounding. I know loan amount, Loan Period in months and installment amount.

for ex:

Loan Amount : 100000

Period :36 months;

Quarterly Installment : 10500(in advance)

with help of above values i have to find Interest rate?

ans should be :17.7802

Jignesh Trivedi11y ago

Hi,

Please refer

https://www.mathsisfun.com/money/compound-interest.html

http://mathforum.org/dr.math/faq/faq.interest.html

Loan interest formula can vary from bank to bank and finance company to company.

hope this will help you.

Upendra Pratap Shahi11y ago

Hello,

Go through below link-

http://www.c-sharpcorner.com/UploadFile/shashimenon/FinancialCalculatorSM00112052005012521AM/FinancialCalculatorSM001.aspx

http://www.authorcode.com/how-to-make-emi-calculator-using-c/

http://www.sanfoundry.com/csharp-program-simple-interest/

Kindly mark the answer as accepted answer.