Rule of 78 Calculator

|
0
|
50L
|
1C
|
1.50C
|
2C
%
|
0
|
9
|
15
|
21
|
27
MN
|
0
|
60
|
120
|
180
|
240
|
300
|
360
Total Finance Charge
₹ 5,00,000
5 Lakhs
Monthly Payment
₹ 83,333
83 Thousand 3 Hundred

Calculating Rule of 78 Loan Interest

SI [Interest] = (P x R x T) / 100
P [sum] = (SI x 100) / (R x T)
R [Rate/year] = (SI x 100) / (P x T)
T [Time] = (SI x 100) / (P x R)

where,
SI = Simple Interest
P = Principal or Initial amount
R = % Rate of interest per annum
T = Time Duration

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