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Calculate EMI based on interest rate, tenure, and balance
Use the formula EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where P is the principal balance, R is the monthly interest rate, and N is the number of months
For example, if the principal balance is $10,000, interest rate is 5% per annum, and tenure is 2 years, the EMI can be calculated
Interest component in EMI is the portion of the EMI payment that goes towards paying the interest on the loan.
The interest component in an EMI decreases over time as the principal amount decreases.
The interest rate and tenure of the loan determine the amount of interest paid in each EMI.
EMI = Principal amount + Interest component
For example, in a Rs. 1,00,000 loan with a 10% interest rate for 5 years, the interest comp
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I applied via Company Website and was interviewed in Jan 2024. There was 1 interview round.
I applied via Recruitment Consulltant and was interviewed in Apr 2023. There was 1 interview round.
I applied via Referral and was interviewed before Sep 2023. There were 4 interview rounds.
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I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.
I have a Bachelor's degree in Statistics and experience working with large datasets
I am proficient in statistical software such as R and Python
I have a proven track record of delivering actionable insights to drive business decisions
I applied via Naukri.com and was interviewed before Jul 2023. There were 4 interview rounds.
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