Monroe 30 - Simple Interest Calculation; Figuring a Bill

CALCULATING SIMPLE INTEREST
ON SAVING ACCOUNT
EXAMPLE:
Calculate the simple interest on an
accou nt of $1 500 at an interest rate of
7.5% for 160 days using a 360 day
year.
INSTRUCTIONS:
Decimal at F
Depress
~
..
Enter
160
360
1500
7.5
EXAMPLE:
Depress Display
ill I 160.1
o I 0.4444444 I
o I 666.66661
rn:J I 49.9999951
'<
FIGURING A BILL
5 doz. @ $5.00 a doz.
discount rate = 5%
tax = 4%
freight charge = $5.00
16
Find: Gross
Discount Amount
Net
Tax Amount
Gross Billing
Grand Total
INSTRUCTIONS:
Decimal at F
Depress
~
Enter Depress
Display
5
IE
I
5.1
5
G
I
25 HGross)
IE
I
251
5
llil
I
1.25 i(Discount Amt.)
EJ
I
23751(Net)
GJ
1 23.751
4
00
I
o 951(Tax Amount)
ill
I
24.701(Gross Billing)
5
m
I
29. 70l{Grand Total)
17