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emi=loan/12
--------------------------------------------------------------------------- NameError Traceback (most recent call last) <ipython-input-1-17f01b1704d9> in <module> ----> 1 emi=loan/12 NameError: name 'loan' is not defined
def loan_emi(amount):
    emi = amount/12
    print('The EMI is Rs.{}'.format(emi))
loan_emi(12)
The EMI is Rs.1.0
def loan_emi(amount,duration):
    emi = amount/duration
    print('The EMI is Rs.{}'.format(emi))
loan_emi(120000,12)
The EMI is Rs.10000.0