Financial Application; Simple Intere T; Financial Application Default Setup For Examples - Casio CLASSPAD 330 3.04 User Manual

15-2 Simple Intere t

Simple Interest lets you calculate interest (without compounding) based on the number of
days money is invested.
Simple Intere t Field
The following fields appear on the Simple Interest calculation page.
Field
Days
I %
PV
SI
SFV
Financial Application Default Setup for Example
You can use the [Format] tab to change the following setting.
Days in Year: 365 days
Example 1
What is the final value ([SFV]) after five years (1,825 days) of a $300 investment (PV)
earning 6.0% simple interest ( I %)?
(1) Tap [Calculations] and then [Simple Interest].
(2) Input 1825 (or 5 × 365) for Days.
(3) Input 6 for I %.
(4) Input −300 for PV.
(5) Tap the [SFV] button.
• This indicates a final value of $390.
Tip
• Tapping the [SI] button shows the interest earned.
• To find the interest earned on $3,000 instead of $300, change −300 to −3000 and tap the [SI]
button again.
15-2-1
Simple Interest
Number of days in investment period
Annual interest rate (as a percent)
Present value (initial investment)
Calculates and displays simple interest
Calculates and displays simple future value (principal + interest)
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