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Today I'll tell you how to calculate Simple Interest(SI) & Compound Interest(CI) using the Casio fx-991ES Scientific Calculator, also tell you some special formulas related to Compound Interest. And how to find-out the answer directly on the Casio fx-991ES Scientific Calculator by programming the calculator!
Topics Included-
1. Calculating Simple Interest(SI) on Casio fx-991ES
2. Formulas for interest compounded annually,compounded half-yearly,compounded quarterly, compounded monthly and compounded daily.
3. Compound Interest(CI) Calculations on Casio fx-991ES-
i) Word problem- In how much time will the principle treble(triple) itself at given rate of interest,compounded annually?
ii) Word problem- In how much time will the principle double itself at given rate of interest,compounded semi-annually?
4. Finding the time value directly on the Casio fx-991ES Scientific Calculator by programming the calculator.
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