March3rd.ipynb

Kernel: Python 3 (system-wide)

principal = 3000
rem_amt = principal
for mnth in range (6):
    interest = 0.16 * rem_amt
    rem_amt = rem_amt - interest
    print("Month %d: %d" %(mnth+1, interest))
    
amt_left = rem_amt*(1 + 0.16)*18
emi = amt_left/18
print("EMT amount: ", emi)

Month 1: 480
Month 2: 403
Month 3: 338
Month 4: 284
Month 5: 238
Month 6: 200
EMT amount:  1222.5171500236797