Casio fx-9750G PLUS - Manual (Page 352)

324
19-2 Simple Interest Calculations
This calculator uses the following formulas to calculate simple interest.
365-day Mode SI' = n
365 ×
PV × i
SI' = n
360 ×
PV × i
I %
100
i =
I %
100
i =
SI : interest
n : number of interest
360-day Mode
periods
PV : principal
I % : annual interest
SFV : principal plus interest
SI = –SI'
SFV = –(PV + SI')
Press 1 (SMPL) from the Financial 1 screen to display the following input screen
for simple interest calculation.
n ...................... number of interest periods (days)
I % ................ annual interest rate
PV .................. principal
• { SI } /{ SFV } ... calculates {interest}/{principal plus interest}
Example What would the interest amount and principal plus interest be
for a loan of $1,500 borrowed for 90 days at an annual rate of
7.25%?
Use the 360-day mode and two decimal places.
In the set up screen, specify “ 360” for Date Mode and “Fix2” for Display and then
press J.
Perform the following key operations from the input screen.
jaw
h.cfw
- bfaaw
1 ( SI )
P.7
P.6