Casio ClassPad 330 - Calculation Formulas

20060301
k
Example 2
What is the simple interest ([SI]) on a principal amount of $10,000 (PV) invested or borrowed
for 120 days (Days) at 5% per annum (
I
%)?
•
This indicates that the simple interest is $164.3835616.
Calculation Formulas
365-day Mode
SI' =
Dys
365
× PV × i
I%
100
i =
360-day Mode
SI' =
Dys
360
× PV × i
I%
100
i =
SI = –SI'
SFV = –(PV + SI' )
15-2-2
Simple Interest