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Can anyone tell the formula to calculate the interest rate for diminishing interest rate?

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Like it is PNR/100 for simple interest

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  1. Friend! It's not tha easy. However you can calculate using MS excel easily. In MS excel 2007, u should do it as i mention below:

    1. Double click on MS excel icon.

    2. Press ctrl+f4

    3. Click on leftmost topmost button.

    4. Click on new.

    5. Click on Schedules.

    6. Click on loan amortisation schedule.

    then it's a cakewalk.

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