Calculation Formulas - Casio CLASSPAD 330 3.04 User Manual

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 Formula
365-day Mode
360-day Mode
15-2-2
Simple Interest
Dys I%
× PV × i
SI' = i =
365
100
Dys I%
× PV × i
SI' = i =
360
100
SI = –SI'
SFV = –(PV + SI' )
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