7-3
2. Simple Interest
This calculator uses the following formulas to calculate simple interest.
u
Formula
365-day Mode
SI
:
interest
n
: number of interest periods
360-day Mode
PV
: principal
I
%
: annual
interest
SFV
: principal plus interest
Press
1
(SIMPLE) from the Financial 1 screen to display the following input screen for simple
interest.
1
(SIMPLE)
n
........... number of interest periods (days)
I
%
........ annual interest rate
PV
........ principal
After configuring the parameters, use one of the function menus noted below to perform the
corresponding calculation.
• {
SI
} … {simple interest}
• {
SFV
} … {simple future value}
• An error occurs if parameters are not configured correctly.
Use the following function menus to maneuver between calculation result screens.
• {
REPEAT
} … {parameter input screen}
• {
GRAPH
} … {draws graph}
SI
'
=
n
365
×
PV
×
i
SI
'
=
n
360
×
PV
×
i
I
%
100
i
=
I
%
100
i
=
SI
'
=
n
365
×
PV
×
i
SI
'
=
n
360
×
PV
×
i
I
%
100
i
=
I
%
100
i
=
SI
= –
SI
'
SFV
= –(
PV
+
SI
'
)
SI
= –
SI
'
SFV
= –(
PV
+
SI
'
)
Summary of Contents for FX-CG10
Page 555: ...E CON3 Application English...
