Equated Monthly Installment

May 19th, 2015
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EMI stands for Equated Monthly Installment. This is the amount paid every month as long as the loan amount is outstanding, which goes towards both the interest & principal. Initially, a major part of the EMI goes in paying the interest only. As the tenure approaches the end, the principal component of the loan increases.

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MATHEMATICS ASSIGNMENT TOPIC: E.M.IAbhinav bhandari1st semester b sectionMathematicsMathematicsis the study of quantity,space,structure, andchange. Mathematiciansseek outpatternsand formulate newconjectures. Mathematicians resolve the truth or falsity of conjectures bymathematical proofs, which are arguments sufficient to convince other mathematicians of their validity. The research required to solve mathematical problems can take years or even centuries of sustained inquiry. However, mathematical proofs are less formal and painstaking than proofs inmathematical logic. Since the pioneering work ofGiuseppe Peano,David Hilbert, and others on axiomatic systems in the late 19th century, it has become customary to view mathematical research as establishingtruthbyrigorousdeductionfrom appropriately chosenaxiomsanddefinitions. When those mathematical structures are good models of real phenomena, then mathematical reasoning often provides insight or predictions.Through the use ofabstractionandlogicalreasoning, mathematics evolved fromcounting,calculation,measurement, and the systematic study of theshapesandmotionsof physical objects. Practical mathematics has been a human activity for as far back aswritten recordsexist.Rigorous argumentsfirst appeared inGreek mathematics, most notably inEuclid'sElements. Mathematics continued to develop, for example in Chi

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