Simple Interest - Casio CFX9850GBPLUS User Manual

7-2 Simple Interest

This calculator uses the following formulas to calculate simple interest.
u Formula
365-day Mode
360-day Mode
Press 1 (SMPL) from the Financial 1 screen to display the following input screen for simple
interest.
1 (SMPL)
n
.................................. number of interest periods (days)
I %
............................... annual interest rate
PV
............................... principal
After confi guring the parameters, use one of the function menus noted below to perform the
corresponding calculation.
• { SI } ... {simple interest}
• { SFV } ... {simple future value}
• An error (Ma ERROR) occurs if parameters are not confi gured correctly.
7-2-1
Simple Interest
SI' = n SI' = n
PV i PV i i = i =
365 365
SI' = n SI' = n
PV i PV i i = i =
360 360
SI = –SI' SI = –SI'
SFV = –(PV + SI' ) SFV = –(PV + SI' )
20070201
I% I%
SI
: interest
100 100
n
: number of interest
I% I%
periods
100 100
PV
: principal
I %
: annual interest
SFV
: principal plus interest