title: PHP monthly EMI calculation script
body: <p>I want to create script for monthly EMI Calculation. Lets say my product value is Rs. 10000, interest rate = 12% and period is 3 months. How to calculate EMI value for this?. I tried with some formula? But not getting correct value. Can you tell me any idea for this? Thanks in advance</p>
  
  <p>Work:</p>
  
  <pre><code>&lt;?php 
  $AMOUNT=10000; 
  $intrest=12; // 12 percentage 
  $plan=3; // 3 months 
  $EMI=($AMOUNT * (($intrest/100)*($plan))); echo $EMI; 
  ?&gt;
  </code></pre>