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every month emi is 14170 principal amount is 3,85,000 rate of interest is 16percent in how many months it will complete​

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<P>Answer:

The mathematical formula for CALCULATING EMIs is: EMI = [P X R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

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