Simple interest – Casio ALGEBRA FX2.0 Financial User Manual
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4
2. Simple Interest
This calculator uses the following formulas to calculate simple interest.
u
uu
u
u
Formula
365-day Mode
SI'
=
n
365
×
PV
×
i
SI'
=
n
360
×
PV
×
i
I
%
100
i
=
I
%
100
i
=
SI
: interest
n
: number of interest
360-day Mode
periods
PV
: principal
I
%
: annual interest
SFV
: principal plus interest
SI
= –
SI'
SFV
= –(
PV
+
SI'
)
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 configuring the parameters, press one of the function keys noted below to perform the
corresponding calculation.
•
1
(SI) ....... Simple interest
•
2
(SFV) ... Simple future value
•An error (Ma ERROR) occurs if parameters are not configured correctly.
Use the following function keys to maneuver between calculation result screens.
•
1
(REPT) ... Parameter input screen
•
6
(GRPH) ... Draws graph