Quote:
Originally Posted by horsepower  I will be paying an EMI of Rs. 8712 for the loan of 4,00,000 for 5 yrs. Please calculate the actual Rate of Interest and please explain the steps? |
go to:
EMI Calculator - Calculate Your Car Loan EMI - CarWale.com India
and enter the appropriate values. Your EMI indicates that your ROI is approximately equal to 11.5%