Monroe 30 User Manual page 10

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