The document discusses creating an Equated Monthly Installment (EMI) calculator using C programming. It explains that an EMI calculator takes in the loan amount, interest rate, and repayment period to calculate the monthly payments. The document then provides code for an EMI calculator in C that takes these inputs from the user to calculate the monthly installment amount. Finally, it outlines some benefits of using an EMI calculator such as comparing loan options and assisting with financial planning and budgeting.

1. FACULTY : G.SOMARAJU
ROLL NO. :
22P61A04C8,22P61A04A6,
22P61A0482
ECE-B

2. Computing Your
Equated Monthly Installment
with C Programming

3. 1. Introduction to EMI
Calculator
2.Creating an EMI
Calculator with C
Programming
3.Using the EMI
Calculator
4.Advantages of Using an
EMI Calculator

4. A primer on the EMI Calculator
An EMI calculator is a practical resource that
can be utilized to figure out the regular
installments you must pay during a certain
period to pay off a loan. It considers the
amount of the loan, the rate of interest, and
the time span for repayment. The calculator
can also be employed to evaluate different
loan alternatives and ascertain the most
advantageous choice for your requirements.
C programming is an incredibly powerful
and flexible language, which can be
employed to craft a plethora of applications,
such as an EMI calculator. With C
programming, one can develop a speedy and
effective program to easily compute the
monthly disbursements for any loan.

5. Creating an EMI Calculator with C
Programming
To create an EMI calculator with C
programming, you will need to have a basic
understanding of the language. You will
need to know how to define variables, write
functions, and use loops to process data.
Once you have a good understanding of the
language, you can start writing the code for
your calculator.
The code for an EMI calculator is fairly
straightforward and can be written in a few
lines of code. The code will need to take in
the loan amount, interest rate, and number
of months to pay off the loan. It will then
calculate the monthly payment for the loan
and display the results on the screen.

6. Employing the EMI Calculator
Once the coding for the EMI calculator is
finished, it can be used to promptly figure
out the monthly installments for any type of
loan. The user must enter the amount of the
loan, the interest rate, and the duration of
the loan in months. The calculator will then
compute the amount of the monthly
payment and display the results on the
screen.
The EMI calculator can be used to evaluate
various loan offers and determine the most
suitable one for you. By providing the loan
amount, rate of interest, and the repayment
period for each of the loan options, the
calculator can assist you in selecting the
most economical loan.

7. Benefits of Using an EMI Calculator:
1. It can help to easily calculate the Equated
Monthly Installment (EMI) for loans.
2. It can assist in assessing the affordability
of a loan.
3. It can help in planning a loan repayment
schedule.
4. It can help to compare various loan
options.
5. It ca
n help to determine the total cost of the
loan.
6. It can help to save time and effort in
calculating loan repayments.
7. It can help to reduce the chances of
making any errors while calculating loan
repayments.
8. It can help to simplify the loan repayment
process.

8. #include <stdio.h>
#include <math.h>
int main()
{
float principal, rate, time, emi;
printf("Enter principal: ");
scanf("%f", &principal);
printf("Enter rate: ");
scanf("%f", &rate);
printf("Enter time in year: ");
scanf("%f", &time);
rate = rate / (12 * 100); /*one month interest*/
time = time * 12; /*one month period*/
emi = (principal * rate * pow(1 + rate, time))/(pow(1 +
rate, time) - 1);
printf("Monthly EMI is= %fn", emi);
return 0;
}

9. OUTPUT:
Enter principal: 100000
Enter rate: 3
Enter time in year: 4
Monthly EMI is= 2213.385010

10. FLOATING DATATYPE:
Floating datatype refers to a data type that represents decimal numbers.
It allows for fractional values and is useful in mathematical and scientific computations.
PRINCIPAL AMOUNT:
Principal amount refers to the original amount of money borrowed or invested, without
including any interest or other earnings. It is the starting point for calculating interest
and determining returns.
RATE OF INTEREST:
The rate of interest is the percentage charged or earned on the principal amount
over a specific period of time, typically on a yearly basis.
P is loan amount.
R is interest rate per month - we will read in yearly and convert in monthly in program.
T is loan time period in year - we will read in yearly and convert in monthly in program.

11. APPLICATIONS OF EMI CALCULATOR
Loan Planning: EMI calculators help
individuals to plan their finances effectively
by determining the monthly repayment
amount, interest rate, and loan tenure.
Budgeting: By calculating the EMI amount,
borrowers can get an estimate of how much
money they need to allocate towards their
monthly payments. This helps in budgeting
and managing finances better.
Loan Comparison: EMI calculators can be
used to compare different loan options from
different lenders. By comparing different
loan options, borrowers can choose the loan
with the most favorable terms and
conditions.

12. DE-MERITS
Inaccurate Results: EMI calculators use certain
assumptions to determine monthly repayments.
These assumptions may not apply to all borrowers.
For example, calculators may assume fixed interest
rates that do not reflect actual loan terms.
Limited Range: The EMI Calculator is designed to
calculate monthly repayments only. They do not
provide a comprehensive analysis of loans such as: B.
Total Interest Paid or Total Cost of Loan.
 Technology Dependence: The EMI calculator is
technology dependent and may malfunction or give
inaccurate results. This can lead to incorrect
calculations and financial errors.
 No Personalized Advice: The EMI calculator is
based on generic formulas and does not provide
personalized financial advice. We cannot take into
account the borrower's individual financial situation,
including income, expenses and creditworthiness.
 Ignore Other Costs: The EMI calculator only
considers the loan repayment amount and does not
consider other costs associated with the loan, such as
processing fees, advance fees, and late fees.

13. Judgment
An EMI calculator is an invaluable asset for
individuals in need of a loan. It provides
immediate calculations of monthly
payments for any type of loan, as well as
the ability to contrast different loan
alternatives and decide which one is most
rewarding for the borrower. Through the
use of C programming, one can create a
rapid and effective program to quickly
calculate the monthly installments of any
loan.
An EMI calculator can be a tremendous
asset for any individual seeking to acquire
a loan, conserving both time and money
while assisting them in making the
optimum choice. It can be an effective way
to acquire the most advantageous offer.

16. THANK YOU…