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| Name | Find EMI using reducing balance method | Annuity |Statistics |
| Video Uploader | Video From Maths Tutor Pramod Sir |
| Upload Date | This Video Uploaded At 08-04-2023 20:16:29 |
| Video Discription | In this video, you will learn how to calculate EMI (Equated Monthly Installment) using the reducing balance method. The reducing balance method is a common way of calculating EMI for loans and other forms of financing. This method takes into account the principal amount, interest rate, and the time period over which the loan is being repaid. The video will cover the basics of annuity, which is a fixed sum of money paid at regular intervals. It will also explain the concept of reducing balance, which involves calculating the interest on the outstanding principal amount rather than on the original principal amount. The video will then go on to demonstrate how to calculate EMI using the reducing balance method step by step, using examples and illustrations to make the process easy to understand. The calculations will be done using a formula, and the video will explain each element of the formula and how it affects the EMI calculation. By the end of the video, viewers will have a clear understanding of how to calculate EMI using the reducing balance method, which will enable them to make informed decisions when taking out loans or other forms of financing. |
| Category | Education |
| Tags | emi reducing balance method | annuity and emi | reducing interest rate calculation formula | how to calculate reducing interest rate | reducing balance method loan calculation formula |
