To determine the equal payment for the loan, we use the formula for Equated Monthly Installment (EMI), which is typically calculated using the following formula:

$EMI = \frac{P \cdot r \cdot (1 + r)^n}{(1 + r)^n - 1}$

Where:

• $P$ = Principal amount (loan) = ₹2,00,000
• $r$ = Monthly interest rate = Annual interest rate / 12 = 10% / 12 = 0.10 / 12 = 0.00833
• $n$ = Number of months = 4 years × 12 = 48 months

Let's calculate the EMI using this formula.The equal monthly payment (EMI) for the loan of ₹2,00,000 over a period of 4 years at an interest rate of 10% is approximately ₹5,072.52.

Would you like more details or have any questions about this calculation?

Here are 5 related questions:

1. What would the EMI be if the loan period was extended to 5 years?
2. How much total interest will be paid over the 4-year period?
3. How does the EMI change with a 12% interest rate?
4. Can you calculate the total amount paid over the loan's duration?
5. How does increasing the loan amount to ₹3,00,000 affect the EMI?

Tip: A lower interest rate or a longer loan period can reduce the EMI, but you'll end up paying more in total interest over time.