Answer:
The programming language is not stated; however, I'll answer this question using Python programming language.
This program doesn't make use of comments (See Explanation Section for detailed explanation)
The program is as follows
name = input("Customer Name: ")
number = input("Customer Number: ")
loan = float(input("Loan Amount: "))
rate = float(input("Interest Rate: "))
time = int(input("Repayment Time [in months] : "))
Interest = loan * (1 + rate/100) ** time
EMI = (Interest + loan)/time
print("EMI: ", end='')
print(round(EMI,2))
Explanation:
This line prompts for customers' name
name = input("Customer Name: ")
This line prompts for customers'number
number = input("Customer Number: ")
This line prompts for loan amount
loan = float(input("Loan Amount: "))
The line prompts for the interest rate
rate = float(input("Interest Rate: "))
This line prompts for time of loan repayment
time = int(input("Repayment Time [in months] : "))
Using the given formula, this line calculates the interest amount
Interest = loan * (1 + rate/100) ** time
The EMI is calculated using this line
EMI = (Interest + loan)/time
This line prints the string "EMI: " without the quotes
print("EMI: ", end='')
The last line of the program prints the calculated value of EMI, rounding it up to 2 decimal places
print(round(EMI,2))
