Appendix E: Formulas Used; Percentage; Interest; Simple Interest - HP 12C User Manual

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Percentage

y ×
Base(
)
=
%
100
NewAmount(
=
%
100
Amount(
=
%T
100
Total(

Interest

n
= number of compounding periods.
i
= periodic interest rate, expressed as a decimal.
PV
= present value.
FV
= future value or balance.
PMT
= periodic payment.
S
= payment mode factor (0 or 1) indicating treatment of PMT.
0 corresponds to End, 1 to Begin.
I
= interest amount.
INTG (n)
= integer portion of n.
FRAC (n)
= fractional portion of n.

Simple Interest

n
=
×
I
PV
360
360
n
=
×
I
PV
365
365
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
Appendix E
Formulas Used
Rate(
x
)
x
)
Base(
y
)
Base(
y
)
x
)
y
)
×
i
×
i
250
Page: 250 of 275
Dimension: 14.8 cm x 21 cm

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