32419-2 Simple Interest CalculationsThis calculator uses the following formulas to calculate simple interest.365-day Mode SI' = n365 × PV × iSI' = n360 × PV × iI%100i =I%100i =SI : interestn : number of interest360-day Mode periodsPV : principalI% : annual interestSFV : principal plus interestSI = –SI'SFV = –(PV + SI')Press 1 (SMPL) from the Financial 1 screen to display the following input screenfor simple interest calculation.n ...................... number of interest periods (days)I% ................ annual interest ratePV .................. principal• {SI }/{SFV } ... calculates {interest}/{principal plus interest}Example What would the interest amount and principal plus interest befor a loan of $1,500 borrowed for 90 days at an annual rate of7.25%?Use the 360-day mode and two decimal places.In the set up screen, specify “360” for Date Mode and “Fix2” for Display and thenpress J.Perform the following key operations from the input screen.jawh.cfw-bfaaw1(SI )P.7P.6Downloaded from www.Manualslib.com manuals search engine
