Casio CLASSPAD 330 3.04 - Manual (Page 842)

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