Question

How to calculate monthly EMI for a loan in C++

Answer 1

#include <iostream>
#include <cmath> 

using std::cout;

int main()
{
	float loan_amount = 100000, interest_per_month = 10.5, years = 6;

	interest_per_month = interest_per_month / (12 * 100);

	int total_months = years * 12;

	float emi = (loan_amount * interest_per_month *
		         pow(1 + interest_per_month, total_months)) /
		        (pow(1 + interest_per_month, total_months) - 1);

	cout << "Monthly EMI = " << emi << "\n";

	return 0;
}


/*
run:

Monthly EMI = 1877.9

*/

 

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