Rbl Bank Interest Calculator

function calculateInterest() { let loanAmount = parseFloat(document.getElementById(“loanAmount”).value); let interestRate = parseFloat(document.getElementById(“interestRate”).value); let loanTenure = parseFloat(document.getElementById(“loanTenure”).value); if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTenure) || loanAmount <= 0 || interestRate <= 0 || loanTenure <= 0) { alert("Please enter valid values."); return; } let monthlyInterestRate = interestRate / 100 / 12; let numberOfPayments = loanTenure * 12; let emi = (loanAmount * monthlyInterestRate) / (1 – Math.pow(1 + monthlyInterestRate, -numberOfPayments)); document.getElementById("emi").value = emi.toFixed(2); let steps = `Inputs:
Loan Amount: ₹${loanAmount}
Interest Rate: ${interestRate}%
Loan Tenure: ${loanTenure} years

`; steps += `Formula:
EMI = (Loan Amount × Monthly Interest Rate) / (1 – (1 + Monthly Interest Rate)^(-Number of Payments))

`; steps += `Results:
EMI Amount: ₹${emi.toFixed(2)}
`; document.getElementById(“steps”).innerHTML = steps; document.getElementById(“calculationSteps”).style.display = “block”; } function resetForm() { document.getElementById(“rblInterestCalculator”).reset(); document.getElementById(“emi”).value = “”; document.getElementById(“calculationSteps”).style.display = “none”; }