E-42
Financial Calculation
k
Simple Interest Mode
• The Simple Interest (SMPL) Mode lets you calculate the
interest amount and/or simple future value (principal and
interest amount).
A
Entering the SMPL Mode
• Press
S
to enter the SMPL Mode.
Value Input Screen
A
Setting Values
No. Display
Name
Values Used
in Examples
1
Set*
Days in Year (Date Mode)
365
2
Dys
Number of Interest Periods
120
(Number of Days)
3
I
Interest Rate (Annual)
5%
4
PV
Principal (Present Value)
$10,000
* For information about specifying the Date Mode, see the
“Date Mode” item under “Configuring Settings” on page
E-16.
A
Basic SMPL Mode Procedure
Example 1:
To calculate the interest amount (SI), and the
simple future value (SFV)
1. Input the values for
1
,
2
,
3
, and
4
from the Setting
Values table above.
• For this example, use
fc
to select
1
“Set:”,
and then press
E
.