Loan Amount Calculator  



Where,
A = Loan Amount
P = Payment Amount
r = Rate of Interest (compounded)
N = Number of Payments
Rate of Interest Compounded is,
If Monthly,
r = i / 1200 and N = n * 12
If Quarterly,
r = i / 400 and N = n * 4
If Half yearly,
r = i / 200 and N = n * 2
If Yearly,
r = i / 100 and N = n
Example:
Calculate the Loan Amount for the given details:
Payment Amount (A): 10000
Rate of Interest (i): 2%
Number of years (n):5
Rate of Interest Compounded: Monthly
Solutions:
Apply Formula:
A = ( P / r ) * [ 1  (1+r)^{n} ]
A = (10000/0.02)*[1(1+0.2)^{5}]
Loan Amount (P): 570545.89