Calculation formulas -2-2, Calculation formulas – Casio 330 User Manual
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I 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
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